USPS Offers Buyouts

The U.S. Postal Service is offering $20,000 buyouts to some of its workers. The agency has said it will eliminate 7,500 positions by the end of the fiscal. Administrator Patrick Donahoe says the move will save the organization $750 million. The buyouts are for some non-union, administrative staffers. Some workers can also choose to take lower grade positions in exchange for salary and job protections. Among the staff reductions are 2,500 supervisors, 2,000 postmasters and 3,000 administrative employees.