Daily Archives: March 18, 2014

The U.S. Postal Service has long maintained that requiring it to set aside funding for future retirees’ health care costs in the form of fixed multibillion-dollar annual payments is a drag on its dire financial condition. In fact, the agency … Continue reading →

The Postal Service plans to shrink its workforce by 10,000 positions in fiscal 2015, according to Postmaster General Patrick Donahoe. The reductions will be entirely through attrition — there will be no buy-outs or reductions in force— Donahoe said at … Continue reading →