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Monday, May 12, 2014
The Postal Service's finances continue their downward spiral
The agency recorded a $1.9 billion loss for the first three months of the year. At the same time, the Postal Service continued cutting costs. It gained 2.3 percent in operating revenue, citing increased employee productivity. Postmaster General Pat Donahoe says the agency is happy with its financial progress. But he says the Postal Service is still in the red because of congressionally-mandated retiree payments. Chief Financial Officer Joe Corbett says that's not all that needs fixing. He says the agency's liabilities exceed its assets by $42 billion.
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2 comments:
I don't understand how they can keep operating. What are they going on? How do they pay employees?
Look increased Revenue due to increased employee productions. So it is the government employees fault that the post office is in the shape that it is. So my advice to you is to Hire someone outside to evaluate every postal employee. There are security cameras - use them to monitor the employees, and FIRE THE USELESS ONES! You get rid of the lazy ones that don't perform, you save even more!
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