"...organizational modifications include a management hiring freeze to “prepare for future changes” and a request for voluntary early retirement authority from the Office of Personnel Management. That authority allows an agency to temporarily lower the age and years of service requirements for retirement, with the goal of encouraging more employees that are on the cusp of retirement to make that transition..."
"...Even with GM not doing so well and having to shutter 3 plants, the UAW ratified a deal that shows the company really does appreciate their workforce. Yes, even during difficult times, GM and the UAW know how to motivate a strong group of craft employees. Even though skilled labor will reap higher pay, the unskilled craft employees garner the same benefits by ratifying the new four (4) year contract. And the union did not toss aside those at shuttered plants where the union said it negotiated assistance packages for workers at Lordstown, Warren and Baltimore transmission plants, including $75,000 payments for eligible production workers and $85,000 ..."
"..."We think by eliminating overtime and by looking at some of the flexibilities we have with the part-time workforce, and potentially working with the unions on some buyouts, we'll easily hit that." USPS already has cut its workforce by 306,000 people over the last 13 years, so Donahoe said they have been preparing for this eventual cut back in service. ..."
This Article is From: www.federalnewsradio.com
"...The U.S. Postal Service may resort to early retirements and buyout offers as a way to slash its staff by 66,000 employees this year and another 51,000 next year...."
"...Postal Service extended offers to 30,000 employees. A little more than 21,000 have accepted, the Post reported. The offers expire Thursday...."
"...a buyout payment. Some agencies are offering both (on a very limited basis) but the USPS is not going to do that. Buyouts are worth a maximum of $25,000, but after deductions the take-home payment is in the $16,000 to $18,000 range. ..."
"...a statement issued to Federal Times July 8, the Postal Service said it will not offer buyouts to anyone taking early retirement. The Postal Service said further details on the early retirement offer will be released later this week...."
"...In the past three years, Ford has shed about 40,000 of its U.S. and Canadian hourly workers. Earlier this year, Ford offered buyouts and early retirement deals to its remaining hourly work force, but only 4,200 workers left, about half the number Ford hoped would take the offers. It has not been decided if the terms of the upcoming targeted buyouts would match previous offers given to hourly workers, Gattari said...."
While many postal workers speculate on a Voluntary Early Retirement offer, many are pondering if other industries are facing the same. Below you will find links to articles that will quench your thirst.
