Financial losses mount as company grapples with uncertainty and union
OTTAWA, June 14, 2011 /CNW/ - Financial losses are mounting at Canada
Post as the rotating strike being carried out by the Canadian Union of
Postal Workers (CUPW) enters its 12th day. Canada Post estimates that it has lost over $70 million in revenue
- and that figure is climbing daily. Exacerbating the problems is the
fact that Canada Post is continuing to incur a significant wage bill
for 48,000 members of CUPW while their union inflicts massive losses on
the company through costly rotating strikes.
The uncertainty of where CUPW members will strike from day-to-day has
made it difficult for Canada Post to plan its logistics and transport
network let alone the staffing levels. Today's strike action in the two
largest metropolitan centres in Canada where over 60% of national mail
volume originates will cripple the whole postal network. If rotating
strikes continue to impact the business at this pace, Canada Post will
not be in a position to sustain its operations across the country.
Canada Post is disappointed with the union's refusal to accept the
company's fair and reasonable offer - one that provides job security, a
defined benefits pension plan and annual wage increases. Therefore, the
company is urging the union to accept its offer and not cause further
inconvenience to Canadians.
SOURCE Canada Post
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