The U.S. Postal Service is offering buyouts to tens of thousands of employees as it faces mounting financial losses caused by the recession and fundamental changes in the way Americans communicate.
Up to 30,000 employees will be eligible for the buyouts, which postal officials estimate could save the agency $500 million a year. The Postal Service expects to lose $7 billion in the fiscal year that ends Sept. 30.
The buyouts – under which eligible workers will receive $15,000 payouts – come at a time when the Postal Service is enacting a variety of other cost-cutting measures.
The agency has closed six district offices, instituted a nationwide hiring freeze, cut more than 100,000 work hours and freezing salaries. A proposal pending in Congress would eliminate Saturday service.
http://online.wsj.com/article/SB125122901758157941.html?mod=rss_whats_news_us_businessI never did quite get the Postal Service. It is a government sponsored institution that exists solely because of a Federal law which prohibits anyone but a US Postal worker from putting mail in your Mailbox. So 6 days a week a schlub who makes more than me puts a handful of bills and junk mail in mailbox and for this honor I pay $.44 for a stamp and incur billions in debt.
It doesn't really matter to me if they have a defacto monopoly or not but here is an idea... Adjust your service, rates, and staffing to make sure you don't lose money. I have a tough time mortgaging our future for junk mail and bills, is this really a national priority? Couldn't we get mailed delivered (3) days a week? What is so pressing we need 6 day a week delivery?
We are 12 TRILLION dollars in debt, figure out a way NOT to lose money or repeal the Federal law or both. I like middle class welfare too, but enough is enough.
No comments:
Post a Comment