Postal Union Turns to Wall Street for Advice on Its Future

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, Oct 17, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    Postal Union Turns to Wall Street for Advice on Its Future - New York Times

    Can Ron Bloom, the restructuring expert who helped shore up the automobile and steel industries in the United States, save the ailing United States Postal Service?

    On Sunday, the National Association of Letter Carriers announced that it had hired Mr. Bloom and Lazard, the financial advisory and asset management firm, to develop a strategy to revitalize the deficit-laden postal service.

    The union’s new partnership with Mr. Bloom and Lazard indicates that postal workers want to shift the debate about cost-cutting toward a discussion of potential growth strategies that they hope could make the agency viable for the long term. Like the steelworkers’ and the automobile workers’ unions before them, the union of letter carriers hopes to make a business case for its industry.