Post Office Has Cut Jobs This Year

The US Postal Service has cut its staff by 25,000 jobs this year in an effort to deal with huge deficits, according to Postmaster General John Potter on Monday.
Current employment figures are below 635,000, significantly lower than the record 800,000 jobs in 1999, he continued.
Despite these job cuts, Potter feels that agency could still possibly face a $6.5 billion loss by year end and, after raising additional funds and further reducing expenses, have a $1.6 billion shortfall.
The number of items handled by the Agency is also expected to decrease this year. The prediction is that there will be about 170 billion items processed as compared to the record high of 210 billion items. Much of the decrease is attributed to customers' frequent use of the Internet and fewer mailed advertisements.