Tuesday, December 4, 2012

Employee Buyouts Surpass USPS Projection

At least 23,000 APWU-represented employees have signed up for incentives to leave the U.S. Postal Service, according to Postmaster General Patrick Donahoe.

Donahoe provided that number at a "State of the Postal Service" presentation last week to leaders of the Mailers' Technical Advisory Committee (MTAC), according to notes released yesterday by Idealliance, a trade organization of publishers and their suppliers. Postal officials had predicted that 15,000 to 20,000 of the approximately 115,000 eligible employees would take the buyout, which includes $15,000 and for many the chance to take early retirement.

Full-time employees had until yesterday to accept the buyout or to change their minds if they had already signed up. Part-timers' deadline is Jan. 4.

Donahoe also told the MTAC leaders that USPS is urging the lame-duck session of Congress to take action on postal reform and not start over in 2013, according to the Idealliance summary. The key issues are removing the burden of prefunding retiree health benefits and allowing five-day delivery, he said.

Related articles:


5 comments:

Anonymous said...

FedEx to offer buyouts up to 2 years pay...

Anonymous said...

Because FedEx is a real company. USPS has a bunch of upper-level managers in administrative positions that have 3rd grade elementary school level equivalencies.

Anonymous said...

you're kidding right? they made it to third grade?

Anonymous said...

Go to work at FedEx then...

Anonymous said...

You have to realize that when you leave FEDEX, you are no longer going to receive a pension from them. In fact you are severing all ties with the company. That is a true buyout in the private sector.