Description: The Postal Service is offering a $20,000 buyout to thousands of veteran workers as part of its bid to eliminate 7,500 administrative jobs, the agency announced Thursday.

Source: CNNMoney.com

Date: 03/25/2011

Link: http://money.cnn.com/2011/03/24/news/economy/postal_service/index.htm

Questions for discussion:  

• Summarize the financial situation at the Postal Service.
• How differently might a private enterprise respond in this situation?
• How would you advise management to respond?