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.
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.
