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Rant & Rave Blog

U.S. Postal Service Cutting More Jobs

Posted by InTheMoneyStocks.com Sunday, June 14, 2009, 08:00PM ET

Read 189 times

U.S. Postal Service Cutting More JobsThe U.S. Postal Service, having posted a nearly $2 billion fiscal second quarter is thinking of cutting tens of thousands more jobs and closing or combining 3,100 of its 36,700 offices. They are also considering ending Saturday deliveries. Mail volume has been cut because people and businesses continue to pay bills via the internet. The weaker economy has prompted businesses to send fewer catalogs and direct mailings.

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