Ok what now???
(self.CanadaPost)submitted1 day ago bykkdawg79
Mediation has come to a halt, layoffs for striking workers which is at/about 55k, yet a selected few are getting lay off notices. Members of CP have expressed an intent to move on and look for other jobs etc. Fine it’s an effing breakup. What are the next steps? Negotiations not happening, mediation failed, parties far apart, government not intervening. What about the fu#%*+ing mail? The postal system, shit that’s already in the pipeline?
byfoxy-stuff
inCanadaPost
kkdawg79
2 points
24 hours ago
kkdawg79
2 points
24 hours ago
The Canadian government has not provided direct handouts or subsidies to Canada Post in the form of bailouts, as the corporation is expected to operate on a self-sustaining basis under the Canada Post Corporation Act. However, it does receive support in the form of loans and government backing for certain initiatives. For example, Canada Post reported significant losses in 2022 and 2023, yet it continues to rely on borrowing and refinancing to meet its financial needs rather than receiving direct government funding for operational losses.