Postal Services Gives Congress Until May
WASHINGTON, DC—Perhaps feeling a little holiday spirit, or knowing that it has Congress over a barrel, the U.S. Postal Service (USPS) formally agreed to hold off on the closing or consolidation of facilities and mail processing centers until May 15, 2012.
A number of U.S. Senators had approached the USPS about delaying its right-sizing, cost-savings initiative, which could spell the end of as many as 3,700 retail outlets and 250 mail processing centers. The review of those facilities will continue during that period, with the Postal Service holding public input meetings.
Legislation has been taken up in both the Senate and House of Representatives in an attempt to place the USPS on a long-term profitability track.