Businessweek: Look for Postal Service bailout next year

Government bailouts have proven unpopular with the general public. However, Bloomberg Businessweek is warning that the US Postal Service might be the next organization that needs one.

The business news website explains that because the USPS can't make decisions about its own financial future in the same way that a private business can, it's more likely to fall further into financial peril.

“Any management consultant would recommend the obvious: Close unnecessary offices, lay off workers, expand into new lines of business and raise prices,” notes Businessweek's Angela Greiling Keane. “But this is the US Postal Service. It's expected to show a profit without a government subsidy, yet Congress, powerful labor unions and its own regulators are preventing it from making hard-nosed business decisions. The result could be a painful restructuring or a government bailout before the fiscal year ends next September 30.”

You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Latest Jobs:

Company of the Week

SK&A is a leading provider of U.S. healthcare information solutions and databases. As part of IMS Health, SK&A researches and maintains contact and profiling data for over 2 million healthcare providers, including 800,000+ prescribers. SK&A's data supports research and marketing initiatives for life sciences, medical device, managed healthcare, direct marketing, publishing, education and more. SK&A's proprietary databases are telephone-verified twice per year from its world class Research Centers. SK&A enables multi-channel marketing and sets the standard for data quality and reliability. SK&A's customers include many of America's most recognized healthcare, publishing and pharmaceutical institutions.

Featured Listings



SK&A is a leading provider of U.S. healthcare information solutions and databases. As ...