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Thread: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

  1. #1

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    Default Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    SHREVEPORT, LA (KSLA) - "We lost 2 billion dollars and like any other business we have to stay afloat."
    http://www.ksla.com:80/global/story.asp?s=9247633


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  3. #2

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    This was posted today, don't know how reliable it is.

    Nov 10 2008 10:59 am
    Chicago Postal Managers Meeting On FSS, Pay Freeze, VER
    This is what was discussed at a meeting of all District Managers and Plant Managers held in Chicago last week:
    7000 to 9000 routes have to be removed in FY 09.
    Two rate increases in FY 09 packages will go up 5% in January, 1st Class will go up 4.8% in May.
    Base pay will be frozen.
    If we stop Saturday delivery it will be a savings of 3.5 - 5.0 billion, but we can’t do that by ourselfs, has to go through congress.
    DPS goal will be 95% in FY09.
    Mail will have to be finished in processing by 0600AM.
    FSS orders have been cut, so if your district was getting 4 or five you will be getting only three now.
    The volume we are working now is the same as it was in 1977.
    Letters are going out this week informing clerks they are now going to be carriers.
    We need to cut our compliment by 64,600 employees this FY.
    Only 8,500 took the VERA, the goal was 40,000.
    HQ will be reduced by 1,200 positions.
    Registry jobs will not be posted as registry only jobs, they will have other duties including registry.
    Pay is frozen for all executive positions.
    SOURCE: http://www.lettercarriernetwork.info (scroll down)
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  5. #3

    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    The postal service is also offering early retirement packages to workers over the age of 50 who have more than 20 years on the job. But according to pepper it may not be enough. "The preliminary numbers look like it's not going to be enough and we may have to do something else."
    Does you know the details of this offer to FERS people? For example like for someone 51 yo and has 24 years and is in plain FERS ?

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  7. #4

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Quote Originally Posted by Greg View Post
    Does you know the details of this offer to FERS people? For example like for someone 51 yo and has 24 years and is in plain FERS ?
    What do you do for the PO?

    I don't know if this will help answer your question or not but theres some info over on FederalSoup.

    http://community.federalsoup.com/4/O...1&m=1831021071

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  9. #5

    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Quote Originally Posted by KevinD View Post
    What do you do for the PO?

    I don't know if this will help answer your question or not but theres some info over on FederalSoup.

    http://community.federalsoup.com/4/O...1&m=1831021071
    I don't work for the PO. I'm interested in hearing if there is actually a retirement for someone in FERS before they are 58 yo.

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  11. #6

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Bummer folks. I've already been BRACed, and was forced to move to Georgia that was in 1995. If age 50 with 20 years or 25 years at any age you get VSIP VERA. I know many USPC folks, best of luck to you all.
    Norman
    01/17/2020
    CRUDE Oil =
    $58.54 a Barrel, Daily Status +$.02

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  13. #7

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Quote Originally Posted by Greg View Post
    Does you know the details of this offer to FERS people? For example like for someone 51 yo and has 24 years and is in plain FERS ?
    This offer is open to employees in those positions who meet the OPM conditions, and who are at least 50 years of age with 20 years of creditable federal service or any age with 25 years of creditable federal service.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  15. #8

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History


    Go to Google News




    Postal Service investigates boss's VIP mortgage

    By MATT APUZZO – 1 day ago
    WASHINGTON (AP) — The Postal Service is investigating whether the nation's postmaster general improperly received a sweetheart deal on a mortgage from Countrywide Financial Corp., the chairman of the service's governing board said.
    Postmaster General John E. Potter is one of several prominent current and former U.S. officials who received discounts and other benefits from the mortgage giant. The Postal Service has hired an outside investigator to review the deal, which reportedly included one shaved point and waived fees for Potter's $322,700 loan.
    "We're taking it seriously enough that we wanted it reviewed and we didn't want it done internally," the chairman of the Postal Service Board of Governors, Alan Kessler, told The Associated Press.
    Details of Potter's deal with Countrywide was first reported by Conde Nast Portfolio magazine earlier this summer. The disclosure touched off calls for a Capitol Hill investigation into how prominent lawmakers and others received VIP loans.
    Countrywide, a leading subprime lender, is at the heart of the mortgage crisis. It has been criticized for using initially low teaser rates that later ballooned higher than borrowers could afford. The company agreed in January to be acquired by Bank of America Corp. for about $4 billion in stock.
    Potter did not return an e-mail seeking comment, and a Postal Service spokesman said the postmaster general would have no comment. Potter told the magazine in August that he did not know he was getting a deal on the loan.
    Kessler did not say how much the investigation would cost the Postal Service, which is cutting hours and overtime for its employees after finishing its fiscal year $2.8 billion in the red. He said the board was working to keep costs down.
    "But something like this is serious enough where I don't want someone to do a cut-rate investigation," he said. "We want a professional review."
    He did not say how long the investigation would take.
    To run the investigation, the Postal Service hired Abbe Lowell, a Washington defense attorney who has taken on some of the city's most sensitive and high-profile cases. Lowell said he would not discuss the matter and referred questions to the Postal Service.
    Sens. Christopher Dodd, D-Conn., and Kent Conrad, D-N.D., have acknowledged receiving mortgages through the VIP program but have said they were unaware of any favorable treatment. Dodd was instrumental in crafting a $700 billion bailout for the financial industry.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  17. #9

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    The postal service says we were given misinformation on our original story on October 27th...saying nationwide job cuts of 40,000 people is incorrect.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023


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  19. #10

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Yea, I heard that too. The lay off is contractually possible, but the USPS says they are not planning lay offs. What "was" discussed at a managers meeting in Chicago and reveled through a leak was the reduction of employee's, 5k to 7k routes, and the elimination of Saturday delivery.

    http://www.postalreporter.com/news/2...ay-freeze-ver/
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  21. #11

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    Default Re: Postal Service Looks To Cut 40,000 Jobs In First Layoff In History

    Eliminating 9,200 routes will have a major impact. I know from observation that a route adjustment in a large office is like a nuke going off in your work hours. Sucks to be anyone involved with that mess.


    Nov 20 2008 01:42 pm
    USPS Says It Needs To Eliminate 9,200 City Carrier Routes in FY 2009
    Association for Postal Commerce
    “From today’s MTAC meeting: ‘The USPS today at the MTAC meeting announced an unprecedented route adjustment process as a result of a joint effort between the USPS and the NALC. The USPS said it needs to eliminate 9200 city carrier routes in FY 2009 in order to meet its budget goals. It said the route adjustments could impact 50 million addresses, 85,000-90,000 carrier routes and 5,000 delivery units. The USPS already has eliminated 1100 routes a change that took effect November 15. Adjustments will begin again on January 5 and continue until early April. The USPS urged mailers to update their address lists on a monthly basis over the next 4-5 months because a significant number of routes may be changed or eliminated. The USPS plans to post the information on its RIBBS web site as the adjustments are made.”
    http://www.postalreporter.com/news/2...-to-eliminate/
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  23. #12

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    Default Re: Postal Service To Cut 120,000 Jobs

    Postal Service may cut 120,000 jobs

    Postal Service May Cut 120,000 Jobs

    By THE ASSOCIATED PRESS

    Published: August 11, 2011 at 6:33 PM ET

    WASHINGTON (AP) — The financially strapped U.S. Postal Service is considering cutting as many as 120,000 jobs.

    Facing a second year of losses totaling $8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plans covering federal workers and set up its own benefit systems.

    Congressional approval would be needed for either step, and both could be expected to face severe opposition from postal unions which have contracts that ban layoffs.

    The post office has cut 110,000 jobs over the last four years and is currently engaged in eliminating 7,500 administrative staff. In its 2010 annual report, the agency said it had 583,908 career employees.
    More:

    http://www.nytimes.com/aponline/2011...lems.html?_r=1

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