This Week in the Mercury


Monday, January 24, 2011

Postal Service Desperately Trying to Close Thousands of Branches

Posted by Paul Constant on Mon, Jan 24, 2011 at 2:59 PM

The Wall Street Journal reports that the US Postal Service wants to keep the cuts coming:

Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of the 491 it said it would close starting at the end of last year. In addition, it is reviewing another 16,000—half of the nation's existing post offices—that are operating at a deficit, and lobbying Congress to allow it to change the law so it can close the most unprofitable among them. The law currently allows the postal service to close post offices only for maintenance problems, lease expirations or other reasons that don't include profitability.

The Postal Service is doing their damndest to cut themselves into irrelevancy.

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