U.S. Postal Service Faces Bankruptcy – Fired 300.000 employees

BusinessDaily.eu – Mikkel Egesberg – The United States Postal Service (USPS), also known as the Post Office and U.S. Mail, is an independent agency of the United States Federal government responsible for providing postal service in the United States. The USPS traces its roots to 1775 during the Second Continental Congress, where Benjamin Franklin was appointed the first postmaster general.

In 2012 the Postal Service reported a record $15.9 billion net loss for the fiscal year that ended Sept. 30 2012, up from financial loss of $5.1 billion in 2011. USPS competes against private package delivery services, such as UPS and FedEx, but the USPS is legally obligated to serve all Americans, regardless of geography, at uniform price and quality, which makes it harder to compete.

Below you see the development in employees from 2000 to Jan 2013:

USPS employment

As you can see the USPS has fired almost 300.000 employees since 2000…

Be the first to comment

Leave a Reply