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The US Postal Service says you know deep in the red.
Now it's considering a bid reduction in jobs and cuts in benefits and that is not sitting well with the unions.
Peter -- live in a story in Washington Peter good morning.
Morning bill in the last four years mail volume has declined 20% and because of that the post office.
Lost twenty billion dollars now they're thinking about cutting 20% of their workforce.
That's a 120000.
People out post offices trying to stay above water and in a draft of their workforce optimization plan -- -- all the reasons they're in trouble they say the recession.
The resulting economic slowdown and the shifting -- hard copy communications to digital alternatives is the reason that nobody's using their services as much anymore and any changes they need to meet that they can make to their organization.
Need to be approved by congress they asked congress to let things get rid of Saturday delivery.
But lawmakers never acted on that -- -- thought about getting rid of about a -- of their post offices across the country but that hasn't happened either so now for their new plan here it is.
Allow the Postal Service to establish its own health benefits program and allow the Postal Service to administer its own retirement system based -- USPS is now saying that they think they can give their workers' benefits cheaper than the government can which is how to get them now.
-- the third thing gives the Postal Service the ability to adjust the size of its workforce to match operational needs and the changing marketplace.
That's kind of just a nice way of saying that they are going to fire a 120000.
They can don't know it has been several years now and we've we've watched this Postal Service and trying to get itself out of Iraq and its deep deep deep again.
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