Post Office to End Saturday Service
It will be an odd adjustment to get used to, but frankly, I won’t miss it. This move should have been done years ago.
Of course, it wouldn’t be necessary if they actually had the balls to pay the Postmaster General like any other public employee instead of a mid-six-figure salary (said to be $400K to $500K) and deal with its high union and pension costs.
The U.S. Postal Service will stop delivering mail on Saturdays in an effort to cut costs for the financially struggling government agency, the Associated Press reported Tuesday.
USPS will save $2 billion annually and will begin the cut in August. Package delivery will continue.
USPS Washington D.C.-area spokesman George Maffett told POLITICO that USPS will issue a five-year financial plan in early March, some of which will be announced later Wednesday, though he did not confirm that Saturday mail delivery was stopping.
“The Postal Service plans to issue a revised comprehensive five-year financial plan in early March. This plan will identify important cost reduction activities and steps to restore the Postal Service to long-term financial stability. On Wednesday, we plan to discuss some of these additional cost reductions,” Maffett said.
As more Americans are relying on email instead of postal letters, Maffett noted that the agency must reevaluate its fiscal path forward in order to survive.
“The Postal Service is currently on an unsustainable financial path and must move forward with actions that are responsible and necessary,” Maffett said.
You mean all the increased junk mail didn’t say them? No kidding.
The real tragedy of this move is that even though this will save $2B for the USPS, they had an annual loss of nearly $16B in fiscal 2012. There’s a lot more left to cut.