US Postal Service looking to cut benefits, jobs, and 6 day mail

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US Postal Service looking to cut benefits, jobs, and 6 day mail

01-29-2009, 04:06 AM,

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xwpopper Offline

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US Postal Service looking to cut benefits, jobs, and 6 day mail

Quote:In fiscal 2008, total mail volume fell by more than 9 billion pieces - 4.5% -compared to the previous year, Potter said. And the agency suffered a greater-than-expected net loss of $2.8 billion last year, he added...

"We could experience a net loss of $6 billion or more this fiscal year," Potter told the subcommittee. That shortfall would exceed the Postal Service's credit limit under current law.

http://money.cnn.com/2009/01/28/news/eco...2009012820

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