this post was submitted on 22 Nov 2024
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[–] AlternateRoute 24 points 3 months ago (19 children)

Since so many of these leave the details out.

https://www.bbc.com/news/articles/c1542q49wzgo

The union wants a 24% pay increase over the next four years - higher than the 11.5% increase proposed by employer Canada Post.

and

The latest strike comes as the Crown corporation deals with big financial losses of C$3bn since 2016, primarily due to the fact that people are sending fewer letters than before.

In its 2023 annual report, the operator said its financial situation is “unsustainable", and had projected that it will run out of cash unless it borrows C$1bn and refinances its existing debt.

[–] healthetank 46 points 3 months ago (7 children)

Side note, but I always hate how it's described as "losses". No shit providing mail delivery is a service. It's nice to aim to reduce the cost as much as possible, but when you're looking at something like Canada where there are countless remote and difficult to reach communities, regular communication and parcel delivery is going to cost money

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