U.S. POSTAL SERVICE TO CUT COSTS

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U.S. POSTAL SERVICE TO CUT COSTS

 user 2006-09-14 at 12:01:00 pm Views: 51
  • #16447

    US Postal Service to cut costs
    September 2006 — Washington (DC): The US Postal Service is to cut costs by $1.1 billion in fiscal 2007.
    The
    cost reduction contains a planned decrease of 40 million work hours
    from the “estimated fiscal 2006 level”, the service said in a
    statement.The service’s board of directors said that it will maintain
    its deliveries by improving automation and other productivity
    initiatives.The board expects a net annual deficit of $1.6 billion in
    fiscal 2007.