Postal Employees Accept Early Buyout Offer

Lisa Rein, Washington Post
Tue, 12/11/2012 - 7:00am

About 25,500 front-office clerks, mail handlers, drivers and other employees have accepted an early-retirement offer from the U.S. Postal Service, among the money-losing agency's largest efforts in recent years to shed employees. Read full article >>

Sections: news u.s.

Topics: buyouts job cuts u.s. postal service usps

Postal Service backs down on cutting Saturday mail
The U.S. Postal Service says it will delay plans to cut Saturday mail delivery because Congress isn't allowing the change. The Postal Service said in February that it planned to cut back in August to five-day-a-week deliveries for everything except packages, as a way to hold down losses. More
Avon eliminating hundreds of jobs; leaves Ireland
Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said Monday that the job cuts, which equate to about 1 percent of Avon's 39,100 employees, will occur across all regions and segments. More
Congress set to force Postal Service to keep Saturday delivery
The financially beleaguered Postal Service suffered a setback in its plan to end Saturday delivery of first-class mail as Congress on Thursday passed legislation requiring six-day delivery. More
Google cutting 1,200 more Motorola jobs
Google says it's cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. More
JP Morgan to cut up to 19,000 jobs
US bank JP Morgan Chase reveals plans to cut up to 19,000 jobs by the end of next year in its mortgage and community banking businesses. More