Affordable Mail Alliance Responds to USPS Earnings Report

Washington, DC – The Affordable Mail Alliance today responded to the United States Postal Services’ earning report. The report contends that the USPS will not have the capital to continue opeartions into FY 2011. This claim is false.

As the Postal Service said just a month ago in its rate filing, even after making this year’s Retiree Health Benefit payment, USPS will end FY 2010 with $1.3 billion cash. Further, on October 1, the first day of FY 2011, the USPS will have access to another $1.8 billion. In addition, a potential shortfall could be eliminated by waiving either the FY 2010 or FY 2011 Retiree Health Benefit payment of $5.5 billion.

“We’re saddened to see these dubious cliams by the Postal Service and would hope for a more constructive dialogue with customers instead of making misleading public statements,” Tony Conway, Affordable Mail Alliance Spokesperson and Executive Director of the Alliance of Nonprofit Mailers.

“Unfortunately, the Postal Service seems to be attempting to justify their proposed rate hikes of ten times the rate of inflation – a move that would drive away more consumers and worsen the financial situation they’re highlighting in this report.”

 Souirce: Affordable Mail Alliance

3 Responses to "Affordable Mail Alliance Responds to USPS Earnings Report"

  1. PostalVet, you got it right on the nose……the USPS is now run by management for the benefit of management (the bonuses). How many times does a carrier have to file a grievance for being passed over for overtime opportunities and that grievance is lost by the USPS and they have to pay out a monetary award, after spending hundreds of dollars fighting the grievance as far as the “B” team. Yet, because they were able to achieve some other goal, like returning carriers by 5 PM, they got points toward their yearly “extra remuneration”!! So one postmaster in one office might receive an extra $2500 at the end of the period, yet cost the Postal Service many times that amount in grievance proceedings and monetary awards. And still, the Board of Governors is oblivious to what is going on in the Regional and District levels by those managers and the postmasters that serve under them. It truly is time for President Obama to look into the dire situation in the Postal Service, and get the Governors to get off their bums and start going in the field and seeing just what the problems are. Until then, the downward spiral of worse and worse working conditions will only destroy what is left of the “Service” in the Postal Service.

  2. ” So why is the Postal Service still dangling the carrots in front of the noses of supervisors, Postmasters, and managers all up the corporate ladder?”

    because the post office is NOT a service company but a cash cow for the high amnd mighty!!!!

  3. The USPS froze new promotions to fill vacancies in administrative positions at headquarters, district and local office levels. So that is a start, but it doesn’t go far enough. As the Washington Post reported today, President Obama is eliminating the payment of HIRING BONUSES and CASH AWARDS for Presidential employees during these hard economic times. So why is the Postal Service still dangling the carrots in front of the noses of supervisors, Postmasters, and managers all up the corporate ladder? A Postmaster whose salary is $85,000 a year for a job that doesn’t require any college level courses or degree, when so many engineers with advanced degrees are driving taxis or working as bartenders, should not really be rewarded with extra bonus money or incentive money or whatever the USPS wishes to call the extra income they distribute to these employees once a year. Managers think they achieve results through their hard work and effort, when in reality it is the work done by the craft workers under threat of discipline and letters of warning and seven day suspensions for not working faster each time the hammer comes down from District! So let’s see if the Board of Governors can take a lesson from President Obama and do away with the incentive program for managers…..if they cannot serve and survive on their current salaries, then they should resign their positions and let others who understand that good service can be achieved without having to pay extra for it.

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