Postal Service faces grim ‘new reality’

by
September 18, 2011

By Peter Schroeder, The Hill

The current mail system of the United States is “no longer financially sustainable,” and the U.S. Postal Service (USPS) is looking for billions of dollars in cuts to its services.

The postal service announced Thursday it was considering closing nearly 250 processing facilities, cutting equipment by 50 percent and slowing mail delivery in an extreme cost-cutting effort. It is looking for $3 billion in annual savings.

And as the president and Congress search high and low for ways to boost job creation, up to 35,000 people could be laid off as part of that effort.

“We are forced to face a new reality today,” said Postmaster General Patrick Donahoe. “With the dramatic decline in mail volume and the resulting excess capacity, maintaining a vast national infrastructure is no longer realistic.”

To read more, visit:  http://thehill.com/blogs/on-the-money/1007-other/181819-postal-service-faces-grim-new-reality

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