The U.S. Postal Service on Monday announced a $2.1 billion cost savings proposal that would result in the end of next-day service for regular mail and the loss of about 28,000 postal worker jobs. The financially troubled agency officially proposed the change to its regulator, changing its national standard for regular first-class mail -- mail that requires a 44-cent stamp for the first ounce -- to two to five days from the current one to three. The measure is tied to a plan to slash hundreds of mail processing facilities, which would mean that 28,000 postal workers could be out of a job by the end of next year. Officials say the move is necessary to preserve the future of the U.S. Postal Service, which is on the brink of insolvency. The Postal Service has racked up $5.1 billion in debt this year and faces a deadline to make another $5.5 billion payment to its health care retirement fund on Dec. 18.
The changes are being proposed to address an estimated 47% drop in regular mail expected over the next 10 years. If the Postal Service gets its way, regular mail would no longer be delivered the next day as early as April. And most of the 250 mail processing facilities on the list would be closed next year.
http://money.cnn.com/2011/12/05/news/economy/postal_service/index.htm?iid=HP_LN
No comments:
Post a Comment