Up to 120,000 postal workers may soon be out of work. And those remaining on the job could lose their federal health and retirement benefits.
The US Postal Service’s proposal to slash its workforce by 20 percent would require breaking current labor contracts with the postal unions. If Congress approves the plan, the ripple effects would be felt by union members and federal employees across the cou
Here’s a look at some interesting events that took place on this day in history:
1775 – Congress establishes the United States Post Office and names Benjamin Franklin the first US Postmaster General (More info)
1908 – The Office of the Chief Examiner, which later becomes the Federal Bureau of Investigation (FBI), is created (More info)
Email and other electronic transactions have caused a dramatic drop in the volume of snail-mail and its associated revenues — so much so that Postmaster General Patrick Donahoe has proposed eliminating Saturday mail delivery.
It’s a move that could save the United States Postal Service as much as $3.1 billion a year.