| Mr Khan said: Hostess negotiated with their union in bad faith. They once told the workers to dodge a pay raise for the good of the company as a whole (to avoid bankruptcy!) the workers did so, the first time. Trouble was, Hostess took those savings and spent them on Executive Pay and the company continued to nosedive. So the *second* time Hostess came around and told the Union "pay cut or we go broke." The Union rightfully said "screw you." On the part of the US Postal Service, aside from their collapsing revenue base (direct bulk mailing is what keeps them afloat now), the thing really crippling them is their "you must pre-fund your pensions for 75 years" thing, a law which was passed, by Republicans, specifically to cripple the USPS. There are examples of greedy unions out there, but Hostess and USPS are both examples of right-wing malice and/or incompetence. |
Yaknow, I just thought USPS was doing badly because they charge much less for the same service as any other carrier.
Boy was I wrong. In fact, it appears as if Congress is readressing this issue shortly. Man...having to pay 5.5B a year rather than pay what it actually owes. wtf? I'm with Khan on this. Stephen Lynch tried to fix this more than 2 years ago, and FL and CA republicans instead proposed that the usps workers fix it themselves, and said they would work against REPAYING 80B in overpaid pensions. 80B is a lot of fucking money.
