Wednesday, December 14, 2011
The USPS has announced that it will hold off closing any more Post Offices until May 15. They are expected to default on a $5.5 billion payment to the treasury and are also expected to lose more than a record $14 billion next year.
These forecasts are quite grim aren't they? The worst part of the predicted closings is all the people who will be losing their jobs. It is projected that 100,000 people will lose their jobs as a result of these closures. How very sad.
I am hopeful that delaying the closures will allow the USPS and congress to reach a better solution. A senator from Ohio said it best: "Though the Postal Service faces serious challenges, this will provide time to reach a solution that will strengthen the USPS, instead of crippling it."- Senator Sherrod Brown.
What do you think of this delay?