Economic crisis reaches U.S. Postal Service

The Postal Service expects between 4,000 and 8,000 current employees to take advantage of early retirement packages by the end of November.
The federally-funded service will also institute what it called a “staffing reduction” of “headquarters and headquarters-related” jobs. Under the current plan, anyone whose position is eliminated would be allowed to transfer to another department. If a new position cannot be found by the spring, the employees would then be offered severance packages.
Postal spokesman Greg Frey said that the Postal Service has cut over 100,000 jobs in the past five years, and that future cuts will depend solely on the state of the economy.