USPS has 670,000 workers. They need to shed about 40,000 employees to avoid the first layoff in USPS history. This is a scary time for the United States Postal Service.
The fear is that only a small portion of the employees will accept outstanding early retirement offers. Then the United States Postal Service will have to go postal and ax employees till they have the 40,000 or 6% of their labor force reduced.
Last month, nearly 3,700 employees had accepted early retirement offers in the first of three rounds of early-retirement offers. The second round of early retirement targets 67,0000 employees with the offer expiring Nov. 21 st. The third round of early retirement offers to 17,000 workers expires Jan16th.
Postal workers worry the deepening financial crisis could exacerbate the agency’s problems, which were brought on by rising energy costs, rising paper costs, and a heavier public reliance on the Internet to pay bills and communicate.
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