Post Office Targets 155,000 Job Cuts

In a  move meant to turn the Postal Service to a profit and turn its net debt into cash, the management of the agency proposes that 155,000 jobs be eliminated between this year and 2016

The plan set by the Postmaster General is meant to salvage the services from a state of near bankruptcy, burdening a drop in use of its services and ever rising pension costs.

If successful, the budget projects the USPS would make $6.2 billion from 2014, and have a cash surplus of $7.1 billion in 2016.

Of course, it will be nearly impossible to win a political battle which would mean closing thousands of Post Offices, and firing tens of thousands of union workers

Douglas A. McIntyre