WASHINGTON (AP) — The head of the U.S. Postal Services pleaded with Congress Wednesday not to thwart his plan to cut Saturday mail as a way to save money, but postal workers unions criticized the plan as illegal and financially questionable.
Postmaster General Patrick Donahoe told a Senate committee hearing that the plan announced last week is one among a number of steps needed because the agency's financial situation is "dire … more urgent than ever."
The U.S. Postal Service lost $1.3 billion in the final three months of last year, following a nearly $16 billion loss the previous fiscal year. Under the plan announced last week, package delivery would continue Monday through Saturday but about $2 billion could be saved annually by cutting other mail to just five days a week.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.