U.S. Postal Service Needs Fewer Workers to Keep Delivering the Mail: View

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, Aug 3, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    U.S. Postal Service Needs Fewer Workers to Keep Delivering the Mail: View - Bloomberg

    Here are three remarkable facts about the United States Postal Service: Its union workers have no- layoff contracts; no post office branches can be closed solely because they lose money; and, as revealed in an investigation by Bloomberg Businessweek, the service is so dependent on low- profit junk mail for revenue that it has a marketing officer tasked with lobbying banks not to switch to electronic statements.

    All of which leads to an unsurprising reality: The USPS lost $8 billion last year, and has been kept on life support with $15 billion from the Treasury. Postmaster General Patrick Donahoe warns that it could default on those loans in October.