FOX Business’ Hillary Vaughn reports on what the U.S. Postal Service is doing to address budgetary issues and the growing pressure for consent.
WASHINGTON – The US Postal Service (USPS) said on Wednesday it is offering early retirement to non-union workers as it consolidates postal districts in an effort to stop billions of red inks.
The USPS will merge the existing 67 postal service districts into 50 districts and will also centralize marketing and retail efforts at the district level, Postmaster General Louis DeJoy said in a statement.
USPS said the voluntary offers for non-negotiable employees go to headquarters and district offices, and declined to say how many jobs he wants to eliminate.
USPS NOTICES TERM PROFIT IN THE MOVEMENT OF JOINT SHOPPING
DeJoy plans to launch a new ten-year strategic ‘break-even plan’ this month.
Last month, DeJoy told lawmakers the U.S. email system was losing $ 10 billion a year and in dire need of reform and legal aid. “I would suggest we’re on a death spiral,” DeJoy said.
Separately, USPS said on Wednesday it would make an environmental impact statement on its planned purchase of 50,000 to 165,000 delivery vehicles.
DeJoy said USPS was committed last month to making electric vehicles make up 10% of its next-generation fleet.
THE USPS WILL NOT BE SAVED WITH MORE MONEY
USPS awarded Oshkosh Defense a $ 482 million contract last month to finalize production for the next generation of mail vehicles. Workhorse Group Inc said this week that it is meeting with USPS on Wednesday after the electric vehicle manufacturer lost a multi-billion dollar contract to Oshkosh. USPS declined to comment.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| OSK | OSHKOSH | 108.84 | +1.10 | + 1.02% |
“USPS will evaluate the environmental impact of the purchases and industry, as well as a commercial alternative to the vehicle and an alternative to no action,” reads a notice.
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The USPS is getting shrinking volumes of first-class mail, increased costs of employee compensation and benefits and higher unfunded liabilities.
Post Office Chairman Ron Bloom, who said the USPS is currently expected to lose $ 160 billion in the next decade, told lawmakers last month: “We can not just throw money at the problem. We need to pay attention. addresses the systemic issues plaguing its outdated model. “