Postal Workers Rally to Save Saturday Service

by Christopher Freeburn | March 25, 2013 11:21 am

Postal Workers Rally to Save Saturday Service

usps mailman mailbox 630 300x199 Postal Workers Rally to Save Saturday Service[1]Over the weekend, postal workers around the country staged small rallies in front of local post offices[2], 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[3], is expected to save $2 billion a year.

Congress has been unable to agree on a solution to the postal service’s problems[4], which have been mounting for several years.

In addition to billions of dollars in congressionally-mandated pre-payments to its employee retirement plans[5], the post office is facing falling first class mail revenues as consumers switch to email and electronic payments.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/09/usps-mailman-mailbox-630.jpg
  2. staged small rallies in front of local post offices: http://www.freep.com/article/20130325/NEWS05/303250050/Hundreds-protest-proposal-to-get-rid-of-Saturday-mail-delivery
  3. which takes effect on August 1: http://investorplace.com/2013/02/saturday-mail-delivery-will-end-by-aug-1/
  4. unable to agree on a solution to the postal service’s problems: http://investorplace.com/investorpolitics/congress-tackles-postal-reform/
  5. congressionally-mandated pre-payments to its employee retirement plans: http://investorplace.com/investorpolitics/whoa-u-s-postal-service-posts-a-nearly-16b-loss/

Source URL: http://investorplace.com/2013/03/postal-workers-rally-to-save-saturday-service/
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