The U.S. Postal Service, which just released a lengthy list of proposed shutdowns of branches across the nation (including the Collister Station in Boise and 22 other Idaho locations), is now looking at laying off as many as 20 percent of its workforce.
The Washington Post reports that the postal service is facing a second year of losses totaling $8 billion or more. In addition to the possibility of cutting 120,000 jobs, the agency is also considering pulling its employees out of federal retirement and health benefits plans in favor of its own benefit system. Congressional approval is required for the change in benefits and the wholesale layoffs.
The post office has already cut 110,000 jobs over the last four years and is currently cutting 7,500 administrative staff.