USPS, Unions Announce Separation Plan

In what could save the U.S. Postal Service (USPS) $500 million next year, USPS is offering $15,000 bonuses to eligible employees who elect to retire or separate before the end of Fiscal Year 2009, the Postal Service announced Aug. 25. USPS negotiated the separation incentive plan with the American Postal Workers Union (APWU) and the National Postal Mail Handlers Union as part of an effort to accelerate staffing reductions for employees represented by the unions. As many as 30,000 employees could take advantage of the incentive offer, USPS said.

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NOTE: They reached an agreement with the Unions? One of the most inefficient union organizations of Government is only now offering incentives to leave. Our tax dollars at work! Guess with the Government, the term lay-off is not in their vocabulary.