Rotating strikes inflict significant losses while Canada Post continues to incur wage bill

Financial losses mount as company grapples with uncertainty and union strike actions

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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613 734-8888


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