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Brown Cafe UPS Forum
UPS Discussions
USPS set to close 2,000 branches.
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<blockquote data-quote="&#039;Lord Brown&#039;s bidding&#039;" data-source="post: 976297" data-attributes="member: 32753"><p>I have been told the main reason the USPS loses money has to do with "pre-paying their pension funds", something most companies with pensions-ours included-do not have to do. It was said it is a myth that the the operations alone of the post office that cause it to bleed red ink, that without the unusual pension situation they would be quite in the black. However, due to certain government controls they are not allowed to alter this arrangement at present, and are looking for other cost-cutting methods. My pop, who is a letter carrier (and my primary reason for working at UPS), corroborated this.</p></blockquote><p></p>
[QUOTE="'Lord Brown's bidding', post: 976297, member: 32753"] I have been told the main reason the USPS loses money has to do with "pre-paying their pension funds", something most companies with pensions-ours included-do not have to do. It was said it is a myth that the the operations alone of the post office that cause it to bleed red ink, that without the unusual pension situation they would be quite in the black. However, due to certain government controls they are not allowed to alter this arrangement at present, and are looking for other cost-cutting methods. My pop, who is a letter carrier (and my primary reason for working at UPS), corroborated this. [/QUOTE]
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USPS set to close 2,000 branches.
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