USPS Responds to Board of Governors’ Call to Accelerate the Restructuring of Its Operations

Specifically, the board approved restructuring initiatives and also instructed the Postal Service to revise its 2012 five-year comprehensive plan to account for current financial and liquidity conditions.

The Postal Service is currently implementing major cost reduction efforts throughout its retail, delivery and mail processing operations. Since 2006, the organization has reduced its annual cost base by approximately $15 billion and reduced the size of its career workforce by 168,000 people, or 24 percent. During these unprecedented cost cutting initiatives, the Postal Service continued to deliver record levels of service to its customers.