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.
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