Would Barring Ban on Layoffs Save Postal Service?
The Postal Service has been facing what it calls "dire" financial troubles and could face insolvency.
USPS, which has about 560,000 full-time positions, wants to renegotiate union contracts as part of its plans to stop the bleeding. They may not be the last agency to turn to this option as budget cuts get deeper.
"A lot of people inside and outside the government on the Hill are watching how Congress deals with the Postal Service because they are having fiscal problems," said Debra Roth, a partner at Shaw, Bransford and Roth, who spoke to the Federal Drive with Tom Temin and Amy Morris. "Not the same kind of fiscal problems the rest of the government's having, but labor contracts are getting in the way of dealing with one aspect of getting out of their fiscal crisis."
Source: Federal News Radio