By Jennifer Levitz and Dennis K. Berman/The Wall Street Journal
The union representing 280,000 U.S. letter carriers is hiring the man who designed President Barack Obama’s auto bailout, a sign of the intensifying battle looming over how to restructure the U.S. Postal Service.
The National Association of Letter Carriers said it retained Ron Bloom, the president’s former “car czar” who orchestrated the bailout and restructuring of General Motors Co. and Chrysler LLC, and led the Treasury’s oversight of the companies.
The union also has hired investment bank Lazard Ltd., assembling a restructuring team experienced in analyzing large, complex, financially troubled institutions and proposing solutions.