US Postal Service releases plan to reverse losses - Reuters
The five-year business plan submitted to Congress on Thursday details steps to reduce annual costs by $20 billion by 2015, the amount Postmaster General Patrick Donahoe has said must come out of the budget if the agency is to return to profitability.
The agency wants to deliver mail five days a week instead of six, stop the prefunding payments, manage its own health plans and transition older employees to Medicare, and close thousands of post offices and processing facilities.
The five-year business plan submitted to Congress on Thursday details steps to reduce annual costs by $20 billion by 2015, the amount Postmaster General Patrick Donahoe has said must come out of the budget if the agency is to return to profitability.
The agency wants to deliver mail five days a week instead of six, stop the prefunding payments, manage its own health plans and transition older employees to Medicare, and close thousands of post offices and processing facilities.
