Postal Service to Enter Buyout Round Through December

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The U.S. Postal Service is offering 3,300 employees, mainly managers and administrative staff, early retirements with a separation date of Dec. 31, the agency announced Monday.

The agency also announced it is moving forward with plans to implement a consolidated forwarding system and re-aligning network distribution centers for area offices.

Some senior leaders may be eligible for early retirement but will not be eligible for this offer if they are deemed important in ensuring continued operations and change management, the agency said.

In February, the agency announced plans to consolidate more than 260 mail processing facilities and hopes to generate savings of around $2.1 billion.

By 2015, the USPS wants to have cut nearly $20 billion in costs from its budget.

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