USPS Requesting 120,000 Layoffs
Well, this is bad…
The financially strapped U.S. Postal Service is proposing to cut its workforce by 20 percent and to withdraw from the federal health and retirement plans because it believes it could provide benefits at a lower cost.
…But hardly surprising given the challenge that any company tasked with following government enforced rules would have. Between Governmental and internet communications, the USPS has had a tough road.
Just so this is clear: An entity of the US Government is requesting from Congress that it needs to lay off 120,000 unionized employees… Just before the election season.
I got out my really big calculator to figure out the odds of Congress granting that request: The results are “slightly better than meeting Elvis on a space ship during a solar eclipse.”
There is going to be another bailout of a Government Entity and you are going to foot the bill. But before the bailout, expect another week long circus to watch while you eat your bread peas.
More from the WAPO article:
“The Postal Service is facing dire economic challenges that threaten its very existence.. . . If the Postal Service was a private sector business, it would have filed for bankruptcy and utilized the reorganization process to restructure its labor agreements to reflect the new financial reality,” the document continues.
I wonder how GM is doing these days?Tags: big government, Domestic Issues, jobs, Politics, unions