CFO Briefing Follows Board of Governors Open Session Meeting
WASHINGTON — The Postal Service will release its FY 2011 financial results on Nov. 15 during an open session meeting of the Board of Governors. Following the meeting, Chief Financial Officer Joe Corbett will host a telephone/web conference call to discuss the results.
The call with Mr. Corbett will begin at 4 p.m. ET and is open to the news media and all other interested parties.
TO ATTEND WITH AUDIO ONLY:
From a phone, dial: 866 567-8049 (Meeting ID: 7411388)
TO ATTEND THE WEB CONFERENCE AND JOIN WITH AUDIO:
1) Browse to: http://meetingplace3.usps.gov/join.asp?7411388
2) After the MeetingPlace window is open, click the Phone icon (under the Participant List or in the upper right-hand corner).
3) Click Connect Me, validate or update your phone number and click Connect Me again.
4) When the system calls you press 1 to join.
we CAN’T LOSE our post office. It is HARD with the LACK OF JOBS here. If they shutdown the post office it will make the lack of jobs even harder for everyone!!!! Please from everyone that relays on the post office for financial or non-financial resources. DON”T SHUT IT DOWN in tucson Arizona or anywhere else
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Chief Financial Officer Joe Corbett will host a telephone/web conference call to discuss the results.Shortly after this, APWU will instruct bored stewards to file meaningless frivolous grievances. APWU officials were heard to say, “Filing grievances is what we do best!” They all then were seen high-fiving themselves prior to entering the hospitality room. Keep paying dem dues bruthas and sistas…that 1% raise is a comin!
The NALC is on Capitol hill for the sole purpose of preserving union dues through the unrealistic preservation of a six day delivery week. They are letting so many worthwhile opportunities(for the rest of us) pass by, because of their stupid stubbornness on this issue. Attention NALC give up the damn six day paddle and start negotiating for the quality of life for carriers. Start demanding that the 48 hour waiting period before pay on workers comp be waived for federal employees who attain 99.9% of their ails on the job. If our health care costs go up there is no way in he’ll any of us should be paying out of pocket for either health care or days missed due to human wear and tear That resulted on the jobwhile delivering for hours on end in extreme heat and freezing inhumane temperatures. Damn it give up the stupid 6 day fight and focus on what is important. What good will it do you to win that fight only to have half of us show you what we think of your stupidity by quiting the union.
The deafening silence of a $1.3 trillion industry on the Issa bill
The Chamber of Commerce, the NFIB and the mailing industry are missing in action
A couple of weeks ago, the House Oversight and Government Reform (OGR) Committee adopted the most anti-business bill imaginable, targeting a $1.3 trillion industry that employs 7 million to 8 million American workers with a destructively counter-productive bill called the Postal Reform Act of 2011. Although H.R. 2309 is squarely aimed at the half million mostly working-class Americans who work for the U. S. Postal Service, the bill would devastate tens of thousands of businesses – financial service providers, paper manufacturers, advertisers, printers, publishers, online merchants and pharmacy benefit managers – that rely on the Postal Service to make a profit. Put simply, it would destroy the USPS. The reaction: Silence. Jaw-dropping silence.
On Oct. 13, the Committee passed a bill that creates two new unelected and unaccountable government boards made up of people with no knowledge of our industry to dictate a top-down dismantling of an invaluable part of the nation’s economic and financial infrastructure. Not a peep is heard. A group of largely junior legislators who have no expertise in our industry follow the lead of some auditors on loan from the Government Accountability Office to radically restructure an enormous American industry from the clueless comfort of Washington, DC, and the business community goes mute. Astounding. A chaotic mark-up results in the adoption of one irrational amendment after another and the mailing industry yawns. Mind boggling.
Now, for the average small business owner, the reaction is understandable. In today’s horrible economy, who has time to follow the workings of an increasingly out-of-touch Congress with an approval rating in the low teens? But what about organized business; what about the major mailers? Where is the Chamber of Commerce? Where is the National Federation of Independent Business? Where are the DMA, L.L. Bean, Netflix, Amazon and eBay?
Compare the reactions of the Chamber of Commerce to the Boeing-National Labor Relations Board and postal reform issues. After the NLRB sought to punish Boeing’s executives for being careless enough, in clear violation of the law, to brag that they were building a manufacturing plant in South Carolina to punish Boeing’s worker for exercising their right to strike, the Chamber went thermonuclear. A few thousand jobs were at stake. But when the OGR Committee passed its “postal destruction act,” threatening the jobs of 7.5 million private-sector employees and putting an entire private sector industry at risk, it’s been the sound of silence from the Chamber.
Imagine the reaction of the NFIB if the Congress imposed a burden on a single private company or a single private sector industry to pre-fund almost 75 years of future retiree health benefits – for workers not hired or even born yet — in just 10 years’ time. Imagine if that $5 billion-per-year burden – that no other employer faces – were pushing that industry to the brink of bankruptcy. What would NFIB do? I doubt it would passively stand by and blame the private industry or company. I doubt it would be speechless as it is now with the Postal Service. There would be a massive advertising campaign and cries of bureaucratic over-reach and anti-business bias.
If the USPS were a private company, do you think the Chamber or the NFIB would ignore the results of two private-sector audits that found massive overfunding of pensions and side with the government auditors who insist on outdated actuarial standards from the 1970s? Do you think they would accept a recycled seven-year-old analysis from the GAO that applies an actuarial double standard in order to shift $50 billion in costs to a private USPS? I doubt it.
Perhaps we can forgive the Chamber and the NFIB for their ideological blinders. But how can we forgive the mailing industry for accepting its possible destruction like sheep? NALC is fighting on Capitol Hill for a fair resolution to the pension and retiree health obligations and is working at the bargaining table to adjust to the new realities of the postal market. What are the mailers’ associations doing?
On Oct. 13, the Committee passed a bill that creates two new unelected and unaccountable government boards made up of people with no knowledge of our industry to dictate a top-down dismantling of an invaluable part of the nation’s economic and financial infrastructure. Not a peep is heard. A group of largely junior legislators who have no expertise in our industry follow the lead of some auditors on loan from the Government Accountability Office to radically restructure an enormous American industry from the clueless comfort of Washington, DC, and the business community goes mute. Astounding. A chaotic mark-up results in the adoption of one irrational amendment after another and the mailing industry yawns. Mind boggling.
“What the hell is going on”
Mick Jagger
Test this
The USPS can get rid of a lot of employees by just administering drug tests and firing all those that fail. Forget incentives.
on Jan 5th, 2012, I will have 37 years invested in our wonderful PO! I started here when I was 18 years old! This is the only job I ever had in my life! I remember making $ 4.50 a hour when I started…I have worked almost every clerk job possible! PRIMARY FLATS and LETTERS, APO&FPO parcels, REGISTRY ROOM, RAMP CLERK, WINDOW CLERK, and LSM MACHINES for most of my career!
I will be bailing out this coming year with or without any incentives! I say, good riddens, what a bunch of sorry ass losers and scumbags management are and will always be! Sorry to leave all my colleagues who will not be able to leave because of financial difficulties in their lives!
Adios mi amigos! Buena suerte!
Issa is a crook , felon , liar and all around dirtbag. He is as dumb as a rock. He made his money by burning up buildings, robbing business partners and covering up all the theft by destroying computer records. He will pay the piper!!! If you are anywhere near this Evil mans district its time to spread the word Issa must GO!!!! As for buy outs dont hold your Breath , Lets just hope that the President doesnt have a brain fart and approve the closing of our Institution!!! THROUGH RAIN ,SLEET OR SNOW THE MAIL MUST GO!!!! STOP SCREWING HARD WORKING AMERICANS!!!!!
Postal Service to Announce FY 2011 Financial Results on Nov. 15- CFO Briefing Follows Board of Governors Open Session Meeting
Get the nets ready guys!
Management needs the gym so they can do sqwats and teabag each other. It has plenty of dumb bells.
You struggling simiams got your personal invites to the HR employees fitness center jungle gym?
Dont forget to bring your simians butt kissing personalized gifts.
The Fat Man.
Sounds like the GOP? Their a tired bunch.
An early out offer would be a great birthday present for me. I have 27 years in, and just gertting tired of working.
Speaking of monkeys, seen some photos of Issa lately boob? he’s got that chimp look.
I, a proud Simian, voted for Isaa. A vote for Issa is a vote for struggling Simians everywhere. This is the Simian Spring!
You never know he just might have prostate cancer and doesnt know it yet, life is fuuny never know whats around the next bend.
How much of Issa Superwhatevers do you think Obama is going to be approving?
imo the superwhatevers are a waste of gridlock time, we shall see.
Americans seem to be getting more pissed off by minutes, you could throw a monkey to run against Issa and the monkey could win.
Aw having much fun 🙂
florida boob is paid for by issa and ross just to mess things up. a paid stooge.
this is a serious discussion. stay out of it.
@truth: Issa ain’t going nowhere but back to da House of da Representatives. Do you have any idea who is running against him in his re-election bid? I do, and I can assure you Issa is going to be re-elected in a landslide.
for gods sake… lets get an early out retirement incentive… $500k and 26 years added…. you will get 150,000 workers out… and save the post office.
@numbnuts —– i didnt go earlier because i.m caring for my elderly parents. i simply dont have the money to go. if they force me out without incentives, i lose my house, unless i find some comparable employment. doubtful. thanks for all of your empathy.a real caring individual, like issa and ross, maybe limbaugh.
say a prayer at church, thanking god that you’re financially sound at this time.
Talk is cheap.
” Be aware they are talking RIF for those who are eligible for immediate retirement”
Issa/Ross talking all kinds of crap, ever play poker? i’ll stay, let the dealer take a hit.
Guess their just gonna have to change the max monetary incentive to $50K LUMP SUM! and 5 yrs added on.
Issa/Ross aint shit both will be out of congress soon enough.
Florida Bob, I’ll tell you what to expect. First of all, take in mind they know csrs are within 3 years of 30 years. This is your first clue: add up to3 years to service. Secondly, the max monetary incentive can be offered is 25k(Donohue has stated 5-15k). Third, it will take 6 months to implement 5 day delivery. So you are looking at up to 3 years added/up to 25k/and a last day of April-June. Be aware they are talking RIF for those who are eligible for immediate retirement and that would mean no incentives for you. Here it comes suckas!!
No layoffs no incentives? Cool, let the music play on. Stick around numbnuts.
forida bob, how come you didn’t go before? to chicken?
ain’t gonna be no time added florida bob.
and if the post office gets what they want
there ain’t gonna be no 50k either.
hell, you may not even get unemployment
if they get everything they want.
good luck to ya, florida bob.
i am leaving next month cause i know
they are gonna shut my p&dc down.
they ain’t said it for sure but they told us they
might and they are already tearing down some
of the automation stuff.
writings on the wall florida bob, see ya.
for gods sake… lets get an early out retirement incentive… $50k and 6 years added…. you will get 150,000 workers out… and save the post office.