Time’s Up: 
USPS Proposes Monster Cuts

The USPS laid down the gauntlet in August, proposing to close as many as 3,700 retail outlets and reducing its staff by as much as 220,000 full-time workers by the year 2015. The closures represent more than 10 percent of USPS' 32,000 retail offices, while the staff reduction would account for approximately 38 percent of its 580,000 career employees.