Postal Service Seeks Exit From Union Deal @ Bloomberg.
The U.S. Postal Service, which predicts a loss this year of as much as $9 billion, may seek to break union contracts so it can slash 220,000 jobs by 2015 and withdraw from federal health-benefit and retirement programs, according to draft proposals.
The collective bargaining agreements that prevent mass firings are keeping the service from reducing its workforce “as quickly as is now clearly needed,” the agency wrote in a draft document. The Postal Service has about 560,000 full-time, non- contract workers. Retirement and voluntary departures would only account for 100,000 jobs, the service estimated.
A story we will continue to follow. If you ship stuff for a living, it’s interesting to watch the postal service change as financial crises hit everyone, everywhere. For awhile we heard they might suspend Saturday service for pick up and delivery, but that hasn’t happened yet.
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