A 17 per cent drop in mail over the past five years, largely because of the internet, is one of the financial challenges facing Canada Post as a strike deadline of midnight approaches.
That word from John Hamilton of Canada Post who tells CHSJ News there is also the multi-billion dollar pension deficit to contend with. He says last year Canada Post put two million dollars a day into that penson which is for the benefit of the employees and you need a healthy company to do be able to do that.
The Canadian Union of Postal Workers says a key unresolved issue is sick leave.
According to Hamilton, Canada Post doesn’t want to be forced to raise its rates or go to the taxpayer for additional revenue.
