Postal Loss May Lead to Extreme Action, Postmaster Says - Bloomberg
Donahoe said that without legislation to change the service’s business model, mounting losses will necessitate heeding the postal board’s call to ask labor unions to reopen contracts and to consider raising postal rates.
“At some point our financial liabilities become so large that they cannot be fixed without taking extreme action,” Donahoe said today at a board meeting in Washington. “We don’t want to get to the point where extreme action is the only option.”
Donahoe said that without legislation to change the service’s business model, mounting losses will necessitate heeding the postal board’s call to ask labor unions to reopen contracts and to consider raising postal rates.
“At some point our financial liabilities become so large that they cannot be fixed without taking extreme action,” Donahoe said today at a board meeting in Washington. “We don’t want to get to the point where extreme action is the only option.”
