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Postal Service posts $3.3B loss for the quarter

The Postal Service said large losses would continue until the agency can trim its workforce, close some facilities, and restructure its healthcare program. The Postal Service posted a total loss of $5.1 billion in fiscal 2011.

Tags: USPS , Joe Corbett , financial management , Congress , Darrell Issa , Emily Kopp , budget

Thursday - 02/09/2012, 02:12pm EST
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VIDEO: Protesters interrupt Postmaster General Donahoe's speech

Protesters marched outside the National Press Club Monday before luncheon featuring Postmaster General Patrick Donahoe. They shouted, "Hey ho! Donahoe has got to go!" and carried signs that said, "Save America's Postal Service."

Tags: USPS ,

Monday - 11/21/2011, 02:58pm EST

Tweets from Donahoe's address at National Press Club

Postmaster General Patrick Donahoe brought the latest news of the Postal Service's future at a National Press Club luncheon on Monday.

Tags: USPS ,

Monday - 11/21/2011, 03:37pm EST

Postal service needs big regulatory changes to survive, experts say

Congress, unions, new Postmaster General all agree current payment structure for retirees is killing chances of USPS survival.

Tags: In Depth , Francis Rose , Senate Homeland Security & Governmental Affairs Co , Tom Carper , Tom Coburn , USPS , CSRS , FERS , pay and benefits

Monday - 12/06/2010, 05:01pm EST

Postal workers ratify contract with 3.5 percent raise

Members of the U.S. Postal Service's largest union voted Thursday to accept a new contract that includes a 3.5 percent raise and cost-of-living adjustments over four years.

Tags: USPS , APWU , Cliff Guffey , union contract , pay and benefits , pay raise , COLA , health contributions , Jolie Lee ,

Thursday - 05/12/2011, 12:45pm EDT

USPS makes a case for debt relief

The Postal Service asked Congress Tuesday to change laws requiring them to pre-pay health benefits and overfund the Federal Employees' Retirement System. Republicans say USPS needed to do much more to "right-size" its costs and operations.

Tags: management , pay and benefits , Congress , USPS , Darrell Issa , Louis Giuliano , James Miller , American Postal Workers' Union , FERS , Dennis Ross , Ed Towns , Gerry Connolly , John Buckner

Wednesday - 04/06/2011, 07:46am EDT
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USPS makes a case for debt relief

The Postal Service asked Congress Tuesday to change laws requiring them to pre-pay health benefits and overfund the Federal Employees' Retirement System. Republicans say USPS needed to do much more to "right-size" its costs and operations.

Tags: management , pay and benefits , Congress , USPS , Darrell Issa , Louis Giuliano , James Miller , American Postal Workers' Union , FERS , Dennis Ross , Ed Towns , Gerry Connolly , John Buckner

Wednesday - 04/06/2011, 07:46am EDT

USPS to defend union contract

The Postal Service will save more than $3 billion over the next several years under a labor agreement it negotiated with one of its largest unions, Postmaster General Patrick Donahoe will tell Congress Tuesday. House lawmakers have called a hearing to examine the deal with the American Postal Workers Union and other USPS workforce issues.

Tags: management , pay and benefits , Congress , USPS , Darrell Issa , House Committee on Oversight and Government Reform , Jared Serbu

Monday - 04/04/2011, 07:40pm EDT
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USPS cuts 7,500 jobs, offers $20,000 buyouts

The Postal Service will offer $20,000 early retirement incentives to administrative employees, who must make a decision on whether to leave USPS by late April. RIF notices will be issued on May 25 to any affected employees who do not voluntarily retire or move to a lower grade.

Tags: USPS , RIF , management , pay and benefits , Postal Regulatory Commission , Anthony Vegliante , cost cutting , budget , Jared Serbu

Thursday - 03/24/2011, 03:53pm EDT
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