More than half a million people work for the U.S. Postal Service making it the seventh largest employer in the world. But like a lot of other businesses, this one is being hit hard by the tough economy and transformed by the Internet.
Just in the last four years, mail volume is down 20 percent, so the agency is struggling to reinvent itself. But change isn't easy. Postmaster General Patrick Donahoe went to Congress to ask for help. His plan, which has been endorsed by President Obama, could mean layoffs, post office closings and the end of Saturday delivery.
Facing a financial crisis, the United States Postal Service announced that 223 processing facilities have been "found feasible for consolidation, all or in part." Of the 264 processing facilities studied, only 35 are set to remain open.