US Postal Service Vice-President David Williams
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US Postal Service to axe 28,000 jobs

The US Postal Service is shutting more than half its mail-processing centres in a $3bn (£1.9bn) cost-cutting drive expected to shed 28,000 jobs.

Vice-President David Williams told a news conference that the closures were designed to stave off bankruptcy next year saying that revenue problems exists because "customers are choosing speed as they choose electronic alternatives".

  • 05 Dec 2011