The U.S. Postal Service plans to end Saturday mail delivery as soon as August to cut financial losses, a change Postmaster General Patrick Donahoe said it can make without Congress's approval if necessary.
The service, which lost $15.9 billion last year, said it would continue six-day deliveries of packages, deliver mail to post-office boxes and keep open retail locations that now operate on Saturdays.
The change would lead to the elimination of 22,500 jobs and cost reductions of as much as $2 billion a year, Donahoe said. The job cuts can be made by attribution and buyouts, he said at a news conference in Washington.
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