Friday, August 12, 2011

U.S. Postal Service to cut 120,000 jobs

CBS correspondent Betty Ngyen reported that the U.S. Postal Service wants to cut 120,000 jobs as it reports another loss in revenue.

“This will be the service second straight year of 8 billion dollars in losses, officials propose cutting 120,000 jobs and setting up health and pension plans for postal workers, replacing the regular federal plans, both steps require approval by congress.”

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