by Christopher Freeburn | March 25, 2013 11:21 am
Over the weekend, postal workers around the country staged small rallies in front of local post offices, protesting plans to end Saturday mail deliveries.
At least 700 protesters assembled in front of a Southfield, Mich., post office, carrying signs denouncing the postal service’s plan to trim costs by moving to weekday-only mail delivery. The demonstration was part of a nationwide effort by postal workers to save Saturday mail service, the Detroit Free Press noted.
The USPS, which posted a loss of almost $16 billion last year, is planning to end Saturday delivery in a desperate bid to lower its expenses. The move, which takes effect on August 1, is expected to save $2 billion a year.
Congress has been unable to agree on a solution to the postal service’s problems, which have been mounting for several years.
In addition to billions of dollars in congressionally-mandated pre-payments to its employee retirement plans, the post office is facing falling first class mail revenues as consumers switch to email and electronic payments.
Source URL: http://investorplace.com/2013/03/postal-workers-rally-to-save-saturday-service/
Short URL: http://invstplc.com/1fr6U8R
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.