WASHINGTON, D.C. (MCT) — The U.S. Postal Service is seeking to slow down its delivery rate, the agency announced Monday, in an effort to help save $2.1 billion a year and fend off possible bankruptcy.
The proposed plan, which would go into effect next spring, would relax delivery standards for first-class mail, so that it would arrive within two to three business days, largely doing away with overnight delivery for stamped mail.
The delivery delay would be a byproduct of the closure of 252 mail processing plants — more than half of the total, a change the postal service announced in September.
Approximately 28,000 employees would lose their jobs as a result of the closures.
The changes must be approved by the Postal Regulatory Commission.
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