Wednesday, October 1, 2014

USPS seeks to layoff 120,000 workers

August 12, 2011 by  
Filed under Business, News

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Hundreds of thousands of workers face massive layoffs and reductions in their health and retirement benefits as United States Postal Service executives lobby Congress to bust union contracts.

The USPS alleges it needs to eliminate 30% of its staff, or 220,000 positions, by 2015, but only 100,000 of those positions can be made through attrition. The other 120,000 must come from lay offs, according to the documents.

“To restore the Postal Service to financial viability, it is imperative that we have the ability to reduce our workforce rapidly,” the USPS wrote in a statement to Congress.

The USPS is also asking Congress to change legislation that requires postal workers to get federal health care and retirement benefits. Instead, the Postal Service would replace them with its own benefit plans.

Currently, postal employees participate in the Federal Employees Health Benefits program, the Civil Service Retirement System and the Federal Employees Retirement System. If given congressional approval, the Post Office would replace those with new plans that would save money, while offering comparable benefits to employees, according to the documents.

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