[QODLink]
Americas
US postal service to cut costs
Agency plans to shut down more than one-fifth of post offices and processing facilities.
Last Modified: 09 Mar 2012 01:20

The US Postal Service is facing a severe debt crisis after it reported a $5-billion in losses last year. It relies on the sales of stamps and other products rather than taxpayer funding and has limited alternatives for shoring up its finances.

It says it needs to reduce its operating expenses that involves renegotiating labour contracts, eliminating thousands of jobs and restructuring its health and retirement programmes.

Now, the agency is considering shutting down more than one-fifth of post offices and processing facilities in order to help balance its books. But it is a move that will hit hundreds of remote communities across the country especially hard.

Al Jazeera's Cath Turner reports from Arkansas.

Source:
Al Jazeera
Topics in this article
Organisation
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.