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Detailed text transcripts for TV channel - FOXNEWS - 20110812:14:26:00

Elephants and use them for labor and tourism. bill: who knew, right? 25 past now. the u.s. postal service as you know, deep in the red. now it s considering a big reduction in jobs and cuts in benefits, and that is not sitting well with the unions. peter doocy, live on that story in washington. peter, good morning. reporter: morning bill. in the last four years, mail volume has declined 20 percent and because of that the postoffice lost $20 billion. now they re thinking about cutting 20 percent of their work force. that s 120,000 people. now, the postoffice is trying to stay above water and in a draft of their work force optimization plan they lay out the reasons they re in trouble, they say the recession, resulting economic slowdown and shifting of hard copy communications to digital alternatives is the reason that nobody is using their services as much anymore and any changes that they can make to their organization need to be approved by congress. they ve asked congress to let t ....

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