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Thu February 23, 2012
U.S. Postal Service: Expect big cuts starting in mid-May
WASHINGTON (AP) - With no financial relief in sight, the Postal Service is pushing ahead with cuts to more than 260 mail processing centers around the nation.
It's part of a billion-dollar cost-cutting effort that will slow delivery of first-class mail.
In a statement, the cash-strapped agency says it completed a review of closings to mail processing centers that were announced last fall. Based on community input and other factors, the post office says it will move forward, beginning in mid-May.
The consolidations are expected to result in a loss of roughly 35,000 jobs.
The agency described the move as a necessary cost-saving measure. Mail volume is declining as people and businesses switch to the Internet in place of letters and paper bills.