US Postal Service to offer employee buyouts
LOS ANGELES -- The U.S. Postal Service plans to offer employee buyouts, hoping to eliminate about 7,500 administrative and executive jobs.
The Postal Service lost $8.5 billion last year.
It's hoping the $20,000 buyouts for veteran workers, plus the closure of seven district offices, will save $750 million a year.
The Postal Service has already asked Congress to let it end Saturday delivery, but an independent commission says savings from that would not be as much as previously thought.
- BART train brake problem prompts evacuations
- Bail for suspect in PS4 robbery in SF set at $5M
- Bay Area wakes up to frost as cold snap hits
- Crews call for reinforcements to find missing family
- Newtown 911 calls show calm response to shooting
- Obama, in speech, to focus on income disparities
- 10 whales dead, dozens stranded in Everglades
- Milpitas police investigate possible kidnapping
- Sketch released of suspect in violent robberies
- Daly City man arrested for biting, punching parents 41 min ago
- Autopsy: Paul Walker died from impact, fire in crash
- abcnews: Harmful contaminants in marijuana?
- roundup: Murder trial; Bank robbery arrest
- weather: Bay Area weather forecast for Wednesday