Postal Service To ‘Look Like Greece’ Without Aid, Donahoe Says

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Postal Service To ‘Look Like Greece’ Without Aid, Donahoe Says - Bloomberg

Donahoe, speaking today at the PostalVision 2020 conference in Washington, said the service’s annual expenses will rise to $81 billion by 2016 without congressional action to allow cuts, including reducing a requirement to pay in advance for health benefits for future retirees.

“We need less expensive work hours, and we need more flexibility on who can do what jobs,” Donahoe said in his speech. “Nobody can operate with 1940 work rules in a 2020 environment.”
 
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