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Title: ***Postal Service Is Nearing Default as Losses Mount*** Post by: Coach Hank Crisp on September 05, 2011, 07:56:27 AM http://www.nytimes.com/2011/09/05/business/in-internet-age-postal-service-struggles-to-stay-solvent-and-relevant.html?_r=1
The post office closest to my house has many workers, but they close everyday from 1200 -100 PM for lunch. You can hear the workers in the back of office. They have behaved this way for the 26 years I have lived here. I always wondered why one of them doesn't take their lunch break at 1100 instead of closing for that hour,so they can serve the public. After all is that what they are paid to do? Quote The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.” In recent weeks, Mr. Donahoe has been pushing a series of painful cost-cutting measures to erase the agency’s deficit, which will reach $9.2 billion this fiscal year. They include eliminating Saturday mail delivery, closing up to 3,700 postal locations and laying off 120,000 workers — nearly one-fifth of the agency’s work force — despite a no-layoffs clause in the unions’ contracts Title: Re: ***Postal Service Is Nearing Default as Losses Mount*** Post by: KoKoPuf on September 05, 2011, 09:38:47 AM Wow! Another business brought down by Union contracts. Who could have seen that coming?
Title: Re: ***Postal Service Is Nearing Default as Losses Mount*** Post by: ssmith general on September 05, 2011, 09:40:30 AM "going hell in a hand basket, and we're running out of hand baskets"
Title: Re: ***Postal Service Is Nearing Default as Losses Mount*** Post by: N.AL-Tider on September 05, 2011, 10:24:48 AM Wow! Another business brought down by Union contracts. Who could have seen that coming? Hey! I owe a debt of gratitude to a union for my current employment. If not for their stubbornness in not altering the collective bargaining agreement then I, along with about 350+ other workers at the tire cord factory in Scottsboro wouldn't have been laid off which would probably mean that I'd still be working there and still extremely miserable. The main change the company was proposing amounted to about $6/week added to the employee's cost for health insurance. It was about $11/week and was going to increase to about $17/week. Crazy! |