- Microsoft Unveils Xbox One $MSFTPosted 14 hours ago
- iTalk Will Acquire 1-800-GET-VOIP $TALKPosted 15 hours ago
- Apple chief executive officer Tim Cook defends Apple’s tax critics – $AAPLPosted 15 hours ago
- Samsung Galaxy S4 Expected to Have Monumental SalesPosted 16 hours ago
- Facebook Stock Continues to Dive Despite Popularity – $FBPosted 19 hours ago
Post Office announces layoffs, closings
Diane Alter – AHN News Reporter
Washington, D.C., United States (AHN) – In an effort to save the ailing U.S. Postal Service, the agency announced Thursday new plans to close or consolidate 223 mail processing plants, putting some 35,000 jobs on the chopping block beginning in late May or June.
The move, projected to save $2.1 billion, is part of the Postal Service’s broader efforts to save $20 billion over the next three years.
Not all of the workers affected by the plant closings will lose their jobs. Many will be offered posts at other processing plants, some miles away and some in other states. Some workers will be urged to retire.
The agency cannot close any facilities until May 15 after the moratorium on closures end. The Postal Service originally agreed to the moratorium to give lawmakers time to pass legislation to save the agency. But to date, those efforts have been very slow.
The Postal Service says that it faces $18 billion in losses by 2015 if nothing is done.
The U.S. Postal Service is in dire straights and deep debt due to declining first-class mail volume and a congressional mandate to prefund retirement health care benefits.