Postal Service Follies: It’s No Laughing Matter –Michelson

Contending that it must reduce its annual costs by $20 billion by 2015 to be profitable, the Postal Service wants Congressional authority to get rid of Saturday delivery, to undo the retiree prepayment requirement and to eliminate about 120,000 jobs, some in violation of existing union contract pacts. It also intends to consolidate up to 252 mail processing centers, close 3,600 small post offices and modify delivery service standards.