US postal service to cut costs

Agency plans to shut down more than one-fifth of post offices and processing facilities.

    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


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    Explore how your country voted on global issues since 1946, as the world gears up for the 74th UN General Assembly.

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.