The US Postal Service looks set to run out of cash by October 2012, even if it refuses to pay its $11.1bn government obligation to prefund future healthcare benefits for its retirees.
That was the warning from USPS chief financial officer Joe Corbett today as he commented on the Postal Service’s full-year results for the 2011 fiscal year...
http://postandparcel.info/43707/news/us ... -payments/" onclick="window.open(this.href);return false;
USPS records $5.6bn loss, thanks to deferred healthcare payment
The US Postal Service released its financial results today for the full 2011 fiscal year, reporting a $5.6bn loss for the 12 months up to the end of September.
The loss would have been in the region of $10.6bn if an emergency spending bill hadn’t been passed by Congress in which the Postal Service was given until November 18 to make the year’s $5.5bn healthcare prefunding payment...
http://postandparcel.info/43702/news/us ... d-payment/" onclick="window.open(this.href);return false;
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USPS to run out of cash in 2012...
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POSTMAN
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USPS to run out of cash in 2012...
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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DGP1
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Re: USPS to run out of cash in 2012...
That's all we hear, running out of money unless they make drastic cuts to peoples jobs/benefits/wages.............but in the final analysis if things are so bad then that's the fault of senior management and they shouldn't be getting their wages let alone all the bonuses they've pocketed over the years.
I'm preparing myself for the zombie invasion, rule number 1 - Cardio