On May 28, Canada Post released its annual report for 2024. The Corporation posted a loss before tax of $841 million, continuing a pattern of financial losses since 2018.
Canada Post puts the blame for the scale of its losses to several factors:
CPC’s report leaves out many important details that don’t support its own message. There is more to the story of Canada Post’s “financial crisis” than the Corporation suggests. For example:
The best way to right the Corporation’s finances is by negotiating ratifiable collective agreements that will help grow parcel volumes, expand services and secure Canada Post’s position as the important public service provider that it is.
CUPW remains determined to reach negotiated contracts as soon as possible to help secure the Corporation’s finances while advancing the interests of workers and the public they serve.
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In solidarity,
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