The American Postal Workers Union, which represents around 202,000 employees and the United States Postal Service reached a 4 and 1/2 year contract, but Representative Darrell Issa says that it is not enough. The contract is estimated to save around $3.8 billion, but Issa says that he thinks it moves in the wrong direction. The Postal Service said that they thought that it was a good agreement that did the best they could. The Postal Service has reported losses in the last five quarters. and owes $5.5 billion on September 30 unless Congress delays it. The contract has yet to be ratified.
See "Postal Labor Contract 'Falls Short' of Savings, Issa Says", Angela Greiling Keane, Bloomberg News, April 4, 2011