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Post Office Cuts Opposed By Senate Bill

Post Office Cuts

A Senate bill aimed at saving the U.S. Postal Service would make it harder to close thousands of low-revenue post offices and end Saturday mail delivery, even though the struggling agency says those moves are just what’s needed to reduce its massive debt and become profitable again.

The measure takes steps to help the agency avert bankruptcy as early as this fall, through a cash infusion of $11 billion to pay off debt and reduce costs by offering retirement incentives to 100,000 employees. But the bill sidesteps decisions on postal closings, buying time for lawmakers who would rather avoid the wrath of voters in an election year.

The Senate planned to vote as early as Wednesday on a final bill, after considering amendments that could restrict the Postal Service from further cuts to first-class mail delivery. During debate, lawmakers agreed to hold off closing rural post offices for a year, give communities new ways to appeal, prevent any closings before the November elections but also shut five of the seven post offices on the Capitol grounds.

The final bill was expected to pass the Senate but faces an uncertain future. The House has not taken up its own version, which would create a national commission with the power to scrap no-layoff clauses in employee contracts.  Read More

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Posted on April 25, 2012, in #breaking news, #business news and tagged , , , , , . Bookmark the permalink. Leave a comment.

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