USPS Responds to Call to Accelerate Restructuring

The Postal Service Board of Governors met last week to discuss a wide range of accelerated cost-cutting and revenue-generating measures in the face of an unprecedented set of financial challenges, heightened by the inability of Congress to pass comprehensive postal legislation. Citing the fact that the Postal Service cannot wait indefinitely for legislation, the board of governors has directed management to accelerate the restructuring of Postal Service operations to further reduce costs in order to strengthen Postal Service finances. Specifically, the board approved restructuring initiatives and also instructed the Postal Service to revise its 2012 five-year comprehensive plan

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  • barry dennis

    Wait, do i hear the sound of Judges signing bankruptcy papers? Is that also the sound of pitchforks and torches on Constitution Avenue?