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Postal Service Changing Overtime, Increasing Buyouts

mail_truckThe U.S. Postal Service will enter another round of buyouts and reduce the number of overtime hours as it prepares to eliminate Saturday first-class mail delivery, Federal News Radio reports.

Jason Miller writes the agency has eliminated 306,000 jobs during the last 13 years and this shift in schedule will equal another reduction of nearly 22,500 employees.

Postmaster General Patrick Donahoe said carriers, mail processors, handlers and supervisors will see the biggest changes regarding overtime and reduction of part-time workers.

Donohoe also said the agency projects $2 billion in cost savings as a result of eliminating Saturday mail and adjusting the workforce, according to Miller’s story.

Miller writes the agency faces a much larger $15.9 billion deficit primarily attributed to a $5.5 billion prepayment it must make into a retiree benefit fund.

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