The Post Office lost $1.9 billion over the last six months. No salaries were cut. No retirement benefits were cut. No health care benefits were cut. No retiree health care benefits were cut. It was business as usual with none of the hugely expensive employee benefits being cut. See the Postal Service report here. Continue Reading
In a previous post, “The Postal Service Business”, we noted that the Postal Service acknowledges that it has more employees than it needs; it’s just stuck with them until Congress and “the public” allow them to reduce staff. So in other words, when the political pressure to reduce post office staff becomes greater than the political pressure to maintain the current level, then Congress will act; but not before. Continue Reading
The Postal Service offers us a wonderful opportunity to see how well the Federal Government manages a business. The results are not impressive. The Dead Tree Edition ran a story last week, Postal Service Inefficiency Drives Up Periodical Costs, and documented another sad example of Postal “business” practices. If you link to this article, there are additional stories of Postal mismanagement listed at the bottom of the post.
The last paragraph of the article is quite telling: Continue Reading