October 12, 2008

3685 Postal Workers Take Early Retirement Offer In First Round

TheDay.com - Postal service is cutting back with offers of early retirement: "As of Friday, 3,685 mail handlers, clerks and low-level supervisors in processing plants and at retail windows across the country had accepted the first buyout offer made to 72,000 eligible employees, said Greg Frey, a postal service spokesman.
That's an acceptance rate of about 5 percent, at the high end of the number of workers the postal service projected would take the so-called “early outs,” Frey said.
The deadline for those early retirement decisions was Sept. 30; they take effect Dec. 31, Frey said"

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