Postal Service Negotiates Tentative Contract with Major Union
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• Economic provisions that address critical USPS needs to control labor costs, and
• Enhanced workforce flexibility to match its workforce with workload.
Reasonable wages and benefits are critical to helping the USPS fully meet its financial obligations and remain strong in the future.
The drop in the economy, coupled with the shift to digital communications, has dramatically reduced mail volume. Mail volume peaked at 213 billion pieces in 2006 and plummeted to 170.6 billion in the fiscal year (FY) ended Sept. 30, 2010. Revenues shrank from $72.6 billion in FY2006 to $67.1 billion. The FY2010 net loss was $8.5 billion.
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