About 100,000 postal employees could be cut as the struggling agency tries to save up to $6.5 billion a year.
(Dan Cepeda/Casper Star-Tribune via Associated Press)
Postal Service will delay closings
About 100,000 postal employees could be cut as the struggling agency tries to save up to $6.5 billion a year.
(Dan Cepeda/Casper Star-Tribune via Associated Press)
Associated Press
/
December 14, 2011
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The U.S. Postal Service on Tuesday agreed to delay the closing of 252 mail processing centers and 3,700 local post offices until mid-May. In a statement, the cash-strapped agency said it would hold off on closings by several weeks to give Congress more time to pass legislation that would give it more authority and liquidity to stave off bankruptcy. The Postal Service, which is expected to default Friday on a $5.5 billion payment to the Treasury, is forecast to lose a record $14.1 billion next year.
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