Postal Service Wants To Slash 120,000 Jobs

from National Public Radio

In a letter to employees, the U.S. Postal Service says it will be insolvent next month. That's due to a significant decrease in the volume of mail and a significant increase in retiree health care costs. The Postal Service proposes cutting 20 percent of its workforce. The unprecedented move would require congressional approval.

Broadcast Dates

• Morning Edition, August 12, 2011