USPS cuts 13,000 jobs

Published May 17, 2012 4:00am ET



Patrick Donahoe, postmaster general of the United States Postal Service, announced today that the USPS will cut 13,000 people out of its workforce by 2014.

“We simply do not have the mail volumes to justify the size and capacity of our current mail processing network,” Donahoe said in a statement today. “To return to long-term profitability and financial stability while keeping mail affordable, we must match our network to the anticipated workload.”

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