Net loss of $5.6 billion, driven by mandated retiree health benefits expenses
Controllable income of $610 million
Continued double-digit growth in revenue and volume in the Shipping and Packages business
Enactment of postal reform legislation remains urgently needed.
After accounting for a $5.8 billion retiree health benefit prefunding obligation, the U.S. Postal Service posted a net loss of approximately $5.6 billion for fiscal year 2016 (October 1, 2015 - September 30, 2016), as compared to a $5.1 billion net loss for the year ended September 30, 2015. Excluding this prefunding obligation, the Postal Service would have recorded net income of approximately $200 million in 2016.
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U.S. Postal Service Reports Fiscal Year 2016 Results : Net loss 5.6 billion
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U.S. Postal Service Reports Fiscal Year 2016 Results : Net loss 5.6 billion
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.