Postal Service to cut 7,500 positions

Share this content:

The US Postal Service said March 24 that it will eliminate 7,500 positions in the next year as part of an effort to cut $750 million in costs.

The USPS will cut the positions through a combination of buyouts, layoffs, and the elimination of some jobs, said Joanne Veto, senior manager of PR at the Postal Service.

The organization will offer voluntary early retirement to employees who are 50 years old and have 20 years of service, or to those at any age who have 25 years of experience. Employees who accept the offer will receive $20,000 over two fiscal years.

The USPS will also close seven administrative district offices, including facilities in Ohio, Michigan, New Mexico and Georgia. Those closures will not affect customer service, delivery or operations, the USPS said.

The USPS also cut the number of its VP-level officer jobs by 16% in January, and eliminated the SVP title across the organization. It also closed its Memphis, Tenn.-based Southeastern regional office.

The Postal Service has warned that it could run out of money by the end of this fiscal year, which closes September 30. The organization saw a net loss of $8.5 billion in its 2010 fiscal year.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above