Filling in the Gaps: What the CFO didn't tell us...
"The loss so far in the fourth quarter is driven by a 4.7% decline in revenue, a 1.3% increase in expenses, and a $329 million workers compensation adjustment. Extrapolating this trend through September would result in a quarterly loss of $2.168 billion and a fiscal year loss of $3.326 billion." Courier, Express, and Postal Observer
Postal Service offers early retirements - FederalTimes.com
"[USPS HR Chief Tony] Vegliante said paying employees to retire early isn’t an option. 'There’s absolutely not going to be an incentive,' he said. 'Economically it doesn’t make any sense at this point. It would cost us too much money, and right now we’re not in the position.'" Federal Times