Exactly why the shopping list has to be submitted before any money changes hands. The billion just handed over is just an appetizer.
Canada Post - Huge losses
- Thread starter raginduck
- Start date
Canada Post lays off managers amid ‘critical financial situation’ - National | Globalnews.ca
The Crown corporation also said it eliminated 20 per cent of senior roles last month as it 'continues to respond to the significant financial and operational challenges it faces.'
globalnews.ca
That actually sounds like it could be a positive developmentCanada Post lays off managers amid ‘critical financial situation’ - National | Globalnews.ca
The Crown corporation also said it eliminated 20 per cent of senior roles last month as it 'continues to respond to the significant financial and operational challenges it faces.'
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Mad Mike
Well-known member
Wow - 55 managers that probably did nothing more than walk around with empty clipboards. How big is the .... 60,000+?Canada Post lays off managers amid ‘critical financial situation’ - National | Globalnews.ca
The Crown corporation also said it eliminated 20 per cent of senior roles last month as it 'continues to respond to the significant financial and operational challenges it faces.'
Mission accomplished, CPC is saved!
Apparently at least 2500 managers that do not touch mail in cpc. Even laying off 550 is insufficient to save it.
I laugh at the feds continuing to bang the "repayable loan" drum. If you lend unsecured money to a bankrupt company with no plan for a path to recovery, whatever you pretend, the money is gone forever. Should have let it die without burning more.
sburns
Well-known member
and probably doubled...
sburns
Well-known member
There is a ton of layering at CP.
And I bet you the rehiring of those positions won't make the news.
USPS seems to be in a very similar state. More bodies, more money spent, less mail by a lot.
Mad Mike
Well-known member
I wonder if Elon's heard about the Post Office?
A trump pick. You're surprised?
With unions involved, even the boss has little ability to correct that big of a hole. Like Canada, USPS should probably be allowed to die and USPS part deux with no legal ties to USPS spins up to provide the level of service required without the legacy waste. If they want to be pricks about it, let USPS go bankrupt to avoid severance payments.
BigEvilDoer
Well-known member
Late to the party here…
Do you realize that most European countries literally charge double what CP does?
Take Germany for example - you can fit the country into Ontario almost FIVE TIMES. Consider that our country is what, 5500km coast to coast, now add in transportation costs…
Now, add in the CP is MANDATED BY LAW to deliver to EVERY SINGLE ADDRESS IN CANADA.
Couriers simple Nope out to that and refuse to deliver to remote areas, as CP does it. Their costs would be astronomical and they simply can’t afford to do that, unless they charge 300-400% of what CP does.
Hopefully you can understand the issue now.
BigEvilDoer
Well-known member
You don’t understand how people wiht home delivery fight against Community Mail Box conversion.
It’s a luxury that basically costs them nothing.
People are loath to give up luxuries.
That all makes sense but increasing prices to cover the loss will quickly spiral. At $5 a letter, there won't be many to deliver. CP is mandated to deliver to every address but I haven't seen even a whisper of level of service required. It is entirely reasonable that remote destinations get infrequent service if that is more cost effective.
Then they can pay for the luxury. Nobody wants to give it up until it costs them money. At that point, the vast majority will let it go. No CP mandate requires delivery to your door. We have a crap ton of elections right now. Run it as a referendum on the ballot. "Do you want to keep mail delivery to the door? Postal codes that keep this service will have $200 added to their yearly tax bill for each resident".
