Facebook Twitter Email
WEDNESDAY, JANUARY 9, 2002

The Postal Service on Tuesday announced it would raise the price of a first class stamp to 37 cents and lay off as many as 15,000 workers.

The Postal Service said the increase and cuts were necessary due to the shrinking economy and terrorist-related woes, which have decreased mail volume and income. The raise was reached after negotiations with major mail customers.

The rate hike would go into effect June 30 and has to be approved by the postal commission.

Get the Story:
Postal Service's Volume, Income Plunge (AP 1/9)
Postal Service Plans Layoffs and 3-Cent Rise in Postage (The New York Times 1/9)
You may have to register to read New York Times stories. If you do not wish to register, login with username indianz.com and password indianz.com

Relevant Links:
U.S. Postal Service - http://www.usps.gov

Related Stories:
Postal rates to increase per agreement (1/7)