USPS plans for hiring freezes, early retirements as it continues to lose billions of dollars

Federal Times:  The U.S. Postal Service reported continued financial losses for the third quarter of 2020, with the Postmaster General announcing Aug. 7 that the agency plans to modify its organizational structure to reduce costs.

“This organizational change will capture operating efficiencies by providing clarity and economies of scale that will allow us to reduce our cost base and capture new revenue,” said Postmaster General and CEO Louis DeJoy in a news release.

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