April 15, 2011
Something is wrong with this picture. The union agrees to reduce wages in the amount of 24% and we declare victory. Over a career, each employee will receive more than $200,000 less in wages and retirement and we call that a win.
And what will postal management do with this windfall ($3.4 billion)? Will they pay on the Congressionally imposed health fund? Will they pay back the money borrowed so they will have room to borrow more? Will they invest in safety so they will not have to harass injured employees? No, you guessed it. They will increase the rate discounts, the very same rates that the Rate Commission found exceed the cost avoided at the previous salary.
If that is a win, I hope you retire before we suffer a slight loss.