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"Postal Service to close offices, offer early retirements" by Bloomberg News | March 21, 2009
WASHINGTON - The US Postal Service said it will offer early retirement to almost one in four workers, close administrative offices, and eliminate more than 3,000 jobs as it grapples with a financial crisis.
The disclosure follows the service's statements in January that this year's deficit may dwarf the $2.8 billion loss in 2008 and may force it to reduce the six-day-a-week delivery schedule.
This after they RAISED FEES nd the price of stamps!! WhereTF is ALL the MONEY GOING? I'll give you one (wars) guess, America!
Mail volume has dropped as economic activity slows and people and businesses turn to e-mail and electronic billing and payment, postal officials have said. The service said yesterday it sees "no signs of economic recovery in sight."