Thursday, September 15, 2011

Struggling Postal Service Announces 'New Reality'

Snail mail is about to get even slower.
The U.S. Postal Service, burdened with huge financial losses, said Thursday that it was facing a "new reality" that would include shutting a slew of processing facilities, changing service standards for first-class mail and cutting up to 35,000 positions.
The moves will mean first-class mail will no longer reach most customers the day after it was dropped in the mailbox.
"We are forced to face a new reality today,” said Postmaster General Patrick Donahoe in a statement. “First-Class Mail supports the organization and drives network requirements. With the dramatic decline in mail volume and the resulting excess capacity, maintaining a vast national infrastructure is no longer realistic."


The Postal Service said the moves are designed to save it $3 billion a year.

More

1 comment: