In order to save $500 million in costs next year, the U.S. Postal Service will offer buyouts to 30,000 of its workers, according to the agency itself. According to a news release, the USPS plans to negotiate with two employee unions and work out a deal that would allow the USPS to give financial incentives to certain employees so that they retire or resign early.
 
The American Postal Workers Union and the National Postal Mail Handlers Union have both settled on the agreement for this one-time offer, while employees represented by the National Association of Letter Carriers and the National Rural …read more

There is talk that internet retailing giant Amazon.com has plans to buyout America’s biggest movie-by-mail company, Netflix. For Netflix shareholders, this has become good news, with Netflix seeing the value of its stock jump up to the highest it has been in the eleven weeks in what analysts are calling a typical turn of events.
Netflix and Amazon are direct competitors in the movie-by-mail business, so Amazon’s acquisition of Netflix would make sense. Amazon would then have access to Netflix’s 10 million subscribers, most of which take advantage of the mail system.
However, analysts are scratching their heads over a move that …read more

As 2007 comes to a close soon, I’d thought a look back at some of the stories that made their way to Greener Assets this year would be a good way to round up and head into 2008. Around the b5 business channel, other bloggers will be doing the same and I’ll keep you posted with links to some of the best business posts of the year. Until then, here are my favorites from Greener Assets 2007…
Wal-Mart: Green, greener or greenwashing?: While the mega store wasn’t founded on sustainable principles, other than sustaining the Walton’s, the corporation responsible for moving …read more