Canada Post halts operations

On Wednesday last week, Canada Post halted operations across the country following repeated attempts to come to an agreement with the Canadian Union of Postal Workers (CUPW).

Canada Post and the CUPW remain divided on a number of key bargaining issues, including wages, pension and sick leave. According to Canada Post, the union continues to have too many demands that would drive up costs, limit operational flexibility and restrict Canada Post’s ability to address fundamental problems such as declining mail volumes, competitiveness and a $3.2 billion deficit in the pension plan. The company’s financial position has been further weakened by uncertainty and rotating strikes that began on June 3rd and cost almost $100 million in lost revenues.

Canada Post CEO Deepak Chopra said that the company needs to adjust its cost structure and recover from the financial damage that has been inflicted by the work disruption, the impact of which grows each day.

Quelle:eyefortransport
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