Friday, August 12, 2011

Postal Service to cut 120,000 more jobs

The post office, which is facing a second year of losses totaling $8 billion or more, has cut 110,000 jobs over the last four years and is currently engaged in eliminating 7,500 administrative staff. It has also reduced costs by $12 billion.

The post office has asked Congress to change or drop the requirement that it make a $5.5 billion annual payment into a fund to cover future retirement disability benefits. No other government agency is required to make such a payment.
    This is going to end badly.  Here's to the last mailman standing!  Have you noticed, like me, that the travel to find a mailbox is getting longer and longer?  As things would have it, we will be paying the salary and pension to the one and only employee left of this doomed government run _________. 
     Now the next government leap will be into running and managing our health care system. 

1 comment:

  1. looks like you and i are the only ones to cover this story. and we got it completely covered, you the unemployment angle and me the union angle. lol


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