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U.S. Postal Service will offer early retirements, consolidate postal districts

3 Min Read
WASHINGTON (Reuters) - The U.S. Postal Service(USPS) said on Wednesday it is offering early retirement to non-union employees as it consolidates postal districts in an effort to stem billions in red ink.
FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New York, U.S., August 21, 2020. REUTERS/Carlo Allegri
The USPS will merge the existing 67 Postal Service Districts into 50 Districts and will also centralize district-level marketing and retail efforts, Postmaster General Louis DeJoy said in a statement.
USPS said the voluntary early retirement offers are going to non-bargaining employees at headquarters and district offices, declining to say how many positions it was seeking to eliminate. ....

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Crisis deepens for airlines in January: IATA

Global airline body IATA said that the crisis deepened for airlines in January, as international traffic plunged 86% in the month compared to pre-crisis levels, and domestic air traffic was down 47%. ....

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UPDATE 1-PostNL expects digital shift to lift core earnings

Dutch postal firm PostNL said on Monday it would speed up its digital transformation to improve its business performance, particularly in its parcels unit. ....

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As postal service delays persist, bills, paychecks and medications are getting stuck in the mail

As postal service delays persist, bills, paychecks and medications are getting stuck in the mail
Updated: February 27
Published February 27
U.S. Postal Services mail carrier RayShawn Riley delivers mail to a snow covered neighborhood after a second winter storm brought more snow and continued freezing temperatures to North Texas on Wednesday, Feb. 17, 2021, in Richardson, Texas. (Smiley N. Pool/The Dallas Morning News via AP)
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WASHINGTON - Mark Currie of Virginia had three checks snagged in postal delays in three months. In New Jersey, Lois Fitton says she was forced to pay interest on a credit card balance because the bill never arrived. Jim Rice says two insurance companies canceled policies for his property management business in Oklahoma after the payments got lost in the mail. ....

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France's Safran sees gradual recovery after crisis-hit 2020

By Reuters Staff
2 Min Read
PARIS, Feb 25 (Reuters) - France’s Safran predicted a gradual recovery from the aviation industry’s worst crisis, after seeing demand for its jet engines and services drop sharply last year.
The world’s third largest aerospace contractor said its 2020 recurring operating income fell 56% to 1.686 billion euros ($2.1 billion) as revenues fell 33% to 16.498 billion.
Operating margin dropped 530 basis points to 10.2%.
For 2021, Safran expected this key profitability gauge to recover by more than 100 basis points, with the recovery to be felt mainly in the latter part of the year.
It predicted 2021 revenues would decrease in the low single digits in percentage terms, and on a like-for-like basis. ....

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