Today is the day the USPS is expected to announce cuts across its entire scope of operations, according to a story over at the Washington Post. Postal officials are slated to introduce formal plans that would shut down 250 of the Postal Service’s 460 mail processing facilities.
In addition to closing the processing facilities, USPS hopes to close at least 3,700 post offices in the coming years and is hoping Congress will permit changing labor contracts in order to eliminate up to 120,000 positions.
The numerous cuts are an attempt by the USPS to close a ginormous funding gap, with volume of mail sent and received on a steady annual decline.
First-class mail deliveries are declining about 7 percent annually, according to USPS, which believes closing the processing plants would save $3 billion annually.
The closing of these facilities is also expected to slow down mail delivery, especially for first-class parcel.
What do you think of the Postal Service’s decision? Do you think it’s a viable option to help it fix its budgetary problems?
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