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Thursday, August 11, 2011

Postal Service Proposing Cutting 120,000 Jobs

Also wants union contracts, employee health and pension benefits changed

The financially strapped U.S. Postal Service is considering cutting as many as 120,000 jobs.

Facing a second year of losses totaling $8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plans covering federal workers and set up its own benefit systems.

Congressional approval would be needed for either step, and both could be expected to face severe opposition from postal unions which have contracts that ban layoffs.

The post office has cut 110,000 jobs over the last four years and is currently engaged in eliminating 7,500 administrative staff. In its 2010 annual report, the agency said it had 583,908 career employees.

The loss of mail to the Internet and the decline in advertising caused by the recession have rocked the agency.


Anonymous said...

all they do is haul trash any how I see no real use for the postal service any more unless your waiting on a check and computer illiterate

Anonymous said...

Maybe the ones left will be able to match the address on the letter with the one on the mailbox. That would be a steep learning curve.

Anonymous said...

You've got that right. All I get in the mail anymore is trash mailed to me at a discount rate that never makes it past the garbage can into my house.
If the post office thought like a business instead of like a government agency, their problems would be fixed overnight.
Of course, I could say that about the government in general.

Anonymous said...

Another union fiasco.

Anonymous said...

Their parcel business is up only because UPS pays them to deliver the smaller packages.

Why don't we just let them file for bankruptcy like GM and issue to their Union shares of stock like was done for the UAW?