Sources say the USPS is considering major restructuring options as it faces a possible default on paying for its heath benefits and might not have enough cash to keep delivering mail in 2012. With labor and retirements costs devouring 80% of its budget, a proposed plan to close 3.7K post offices and slash 220K jobs by 2015 doesn't go far enough to bring the agency to profitability.
Sources say the USPS is considering major restructuring options as it faces a possible default...
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