6/15/09

Postal Goings

For the second quarter ending March 31


the Postal Service posted a $2 billion loss


and 15% drop in mail volume


 


The 234-year old agency cut 50 million work hours last year


and is looking to increase the reduction


to 100 million work hours this year


which…equals a loss of  more than 50,000 jobs this year


 


The agency is also mulling closing 3,100 post office and retail outlets


to help make the agency leaner


and the elimination of Saturday deliveries


 


Fallen on Hard Times, Postal Service Looks to Cut Costs


 


Kathryn Buschman Vasel


FOXBusiness

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