Canada Post shuts down operations nationwide

Rotating strikes have had a significant impact on the short-term revenue of the business. Canada Post’s estimated losses are approaching $100 million after today’s strike in Montreal and Toronto and that figure is climbing daily;

Over the past few days several incidents have raised concerns about the ability to move the mail while keeping our employees and customers safe;

Canada Post and CUPW remain far apart on several fundamental issues and there has been no progress made at the negotiating table for weeks;

If Canada Post allows the uncertainty created by the rotating strikes to continue, their ability to remain financially self-sufficient and not become a burden on Canadian taxpayers will be in jeopardy.

Canada Post believes that a lockout is the best way to bring a timely resolution to this impasse and force the union to seriously consider proposals that address the declining mail volumes and the $3.2-billion pension deficit.

Canada Post continues to believe that the best result from this round of bargaining is a negotiated settlement. The company had hoped to reach an agreement without a disruption in Canada’s postal service which is why the company made every effort to protect the pay, pension and job security of existing employees.