Canada Post - Huge losses | Page 15 | GTAMotorcycle.com

Canada Post - Huge losses

Ouch. This author recommends CP go from 55k employees to 15k. I don't know how that could happen with a union. Probably simpler to let CP stay on strike forever and spin up Canada Delivery as a new company with the same mandate but no legacy costs. Transfer properties into CD and move on.

financialpost.com

Terence Corcoran: Canada Post versus the union — Is this the last strike?

As the work stoppage continues, Canada Post’s financial situation is essentially a crisis and it needs a radical rethink to survive. Read on
financialpost.com financialpost.com
 
GreyGhost said:
Ouch. This author recommends CP go from 55k employees to 15k. I don't know how that could happen with a union. Probably simpler to let CP stay on strike forever and spin up Canada Delivery as a new company with the same mandate but no legacy costs. Transfer properties into CD and move on.

financialpost.com

Terence Corcoran: Canada Post versus the union — Is this the last strike?

As the work stoppage continues, Canada Post’s financial situation is essentially a crisis and it needs a radical rethink to survive. Read on
financialpost.com financialpost.com
Click to expand...
Was listening to him on the radio and he talks sense. Infastructure designed for 5 billion pieces of mail moving less than half that is not a sustainable model.
 
GreyGhost said:
Ouch. This author recommends CP go from 55k employees to 15k. I don't know how that could happen with a union. Probably simpler to let CP stay on strike forever and spin up Canada Delivery as a new company with the same mandate but no legacy costs. Transfer properties into CD and move on.

financialpost.com

Terence Corcoran: Canada Post versus the union — Is this the last strike?

As the work stoppage continues, Canada Post’s financial situation is essentially a crisis and it needs a radical rethink to survive. Read on
financialpost.com financialpost.com
Click to expand...
Is that called Purolator, owned by CP, or basically the gov.

I don't think they could reduce to that number of employees. But there isn't a lot of automation in CP, it's shockingly bad. But maybe it doesn't need to be, it's basically a job creation tool for the gov, need a job, go work here. But they could do a whole lot better with how they use those bodies, instead of everyone standing around or letter carriers being over burdened.
 
sburns said:
Is that called Purolator, owned by CP, or basically the gov.

I don't think they could reduce to that number of employees. But there isn't a lot of automation in CP, it's shockingly bad. But maybe it doesn't need to be, it's basically a job creation tool for the gov, need a job, go work here. But they could do a whole lot better with how they use those bodies, instead of everyone standing around or letter carriers being over burdened.
Click to expand...
The author wanted a wholesale change in operation. No more door-to-door delivery within CP as a start. With changes like that you can burn a ton of jobs. Whether that goal is helpful (yet alone politically palatable), I don't know.
 
GreyGhost said:
Ouch. This author recommends CP go from 55k employees to 15k. I don't know how that could happen with a union. Probably simpler to let CP stay on strike forever and spin up Canada Delivery as a new company with the same mandate but no legacy costs. Transfer properties into CD and move on.

financialpost.com

Terence Corcoran: Canada Post versus the union — Is this the last strike?

As the work stoppage continues, Canada Post’s financial situation is essentially a crisis and it needs a radical rethink to survive. Read on
financialpost.com financialpost.com
Click to expand...
You forget the "Duh" factor. If the government owned Blockbuster Video the stores would all be open staffed by job secured workers doing nothing but dusting shelves.

True job security comes from working your arse off.
 
The union is asking for a 24% wage increase over 4 years... But it's also asking for an additional 10 paid days off.. and that's worth another 4% per year.
 
Again, Ronny Raygun tuned up the ATC guys pretty good. Too bad jt has no bollocks.
 
raginduck said:
. and that's worth another 4% per year.
Click to expand...
By the time you bring in enough staff to cover 10 days for each employee, that is a huge payroll bump. Big win for the union. Big loss for CP. Sadly, it needs a grenade at this point. Losing close to 1B a year before this and headed south quickly. VIA also needs a grenade as their recent losses are in the billions too. Instead JT wants to expand so we can lose billions in capital and they can lose operating money faster.
 
The sad reality is nobody turned off the tap [emoji[emoji6][emoji6]]yrs ago when the slide started . It’s just been kicked down the lane and now it’s almost irreversible.
A good friend that works in a postal station I won’t name is a machine repair guy . He’s a computer tech by training , they run a PC and laptop repair business when the machines aren’t down , and when the guys on the floor want to leave early or get a longer lunch , they log jam the electronic sorter . And nothing is said . And we pay for it .


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raginduck said:
The union is asking for a 24% wage increase over 4 years... But it's also asking for an additional 10 paid days off.. and that's worth another 4% per year.
Click to expand...
A friend of a friend is a corporate lawyer and the conglomerate he worked for bought a Canadian manufacturer. The union soon went on strike for a big raise which they got.

Then head office closed the plant and moved manufacturing to the USA saying the Canadian operation wasn't financially viable. The union ended up taking the blame.

The reality was they were going to close the Canadian operation anyway but this way they didn't look like slimy raiders.

The joys of the private sector. Be careful what you wish for.
 
raginduck said:
The union is asking for a 24% wage increase over 4 years... But it's also asking for an additional 10 paid days off.. and that's worth another 4% per year.
Click to expand...
That's because during covid the company said they would take care of employees at the next contract negotiation. I don't think we need more days off. I do think we need to a) protect the jobs we have and b) not give in to the corporation attempting to lower the benefits and pension of any new hires. They should get what we get.
 
Evoex said:
They should get what we get.
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I understand that logic. Given that what you get is completely unsustainable, what is your idea to fix it? One way is new people get a sustainable rate and as old people leave, viability improves. Another way is everyone takes a cut to solve viability now. Option three is bring in more money (without increasing expenses at the same rate). Option four is wipe out a bunch of staff so each that remains does well financially but there are far fewer. I think that's about it. All of the options have at least some degree of unpalatability. Digging in heels and saying everybody gets an unsustainable rate of pay and taxpayers should subsidize with no limits is how we got to this cliff. Union will die on the cross to prevent options 1,2 and four as those reduce the union income. Option three is best for employees and union assuming that there is a viable path they can proceed down. That's not simple given a workforce that is paid much more than similar employees at competitors.

Now, don't get me wrong, I am also annoyed at management stringing employees along with the mythical carrot. Having management comp as a percentage of employee comp or profit is a great approach imo. Far too often they think they are special and deserve the moon for breathing. If they want a raise, they can improve the business. If the business is circling the toilet, they get a pay cut as an incentive to fix it.
 
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GreyGhost said:
I understand that logic. Given that what you get is completely unsustainable, what is your idea to fix it? One way is new people get a sustainable rate and as old people leave, viability improves. Another way is everyone takes a cut to solve viability now. Option three is bring in more money (without increasing expenses at the same rate). Option four is wipe out a bunch of staff so each that remains does well financially but there are far fewer. I think that's about it. All of the options have at least some degree of unpalatability. Digging in heels and saying everybody gets an unsustainable rate of pay and taxpayers should subsidize with no limits is how we got to this cliff. Union will die on the cross to prevent options 1,2 and four as those reduce the union income. Option three is best for employees and union assuming that there is a viable path they can proceed down. That's not simple given a workforce that is paid much more than similar employees at competitors.

Now, don't get me wrong, I am also annoyed at management stringing employees along with the mythical carrot. Having management comp as a percentage of employee comp or profit is a great approach imo. Far too often they think they are special and deserve the moon for breathing. If they want a raise, they can improve the business. If the business is circling the toilet, they get a pay cut as an incentive to fix it.
Click to expand...
I'm not sure of the ratio currently, but many employees are temps (me), our wage is $22 or less. Once hired, permanent full time it takes at least 7 years currently to break $30. We could discuss benefits/pension etc, but i don't know enough about the perks at competitors to have that discussion.

Canada Post apparently had no problems paying out management bonuses this year, last year and so on. Why is the corporation rewarding management while on the other hand lying to employees and obfuscating the ongoing issues to the public. I can tell you that we have a shortage of normal delivery trucks. I know because there's a fleet of rental RAM trucks in the parking lot and I get handed the keys to those whenever we run out. And when we run out of those I sit in the depot for 2+ hours doing nothing. Did we buy 100 EV pickup trucks? Why.

Many people should probably be fired. The one's who want to sit on their phone, do the minimum, or over retirement age with full pensions should probably be forced to part time or out.

Coming from the private sector the waste at CP is nuts. But from what I can see, unless its a safety issue management does not reward or want to entertain a conversation about improving processes. They want you to do your shift and get out.
 
Baggsy said:
I heard they were very short staffed delivering the cheques, and no "inspections".
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They were literally giving the volunteers 7 routes to do in 5 hours. No wonder why they weren't getting done in a single day.
We had 4-5 people delivering on Weds / Thurs, and 1 today (Friday) - maybe 2.

several of the volunteers noticed other CP vans in their area, so it's highly doubtful that the management wasn't keeping a close watch on the posties on routes.
 
GreyGhost said:
Third quarter numbers out. Loss 10% higher than last year.

toronto.citynews.ca

Canada Post losses top $300M as strike enters second week

Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier.
toronto.citynews.ca toronto.citynews.ca
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Maybe they should stop giving all of the management staff quarterly bonuses then. The CEO makes $600K per year, and had a $400K bonus last year. I don't know of any other corporation that feeds management big fat bonuses when the company is hemorrhaging cash.
 
crankcall said:
He’s a computer tech by training , they run a PC and laptop repair business when the machines aren’t down , and when the guys on the floor want to leave early or get a longer lunch , they log jam the electronic sorter . And nothing is said . And we pay for it .
Click to expand...
Actually, YOU DON'T PAY FOR IT.
CP is Government Owned and is considered a Crown Corporation, but at the same point in time is also private. CP is different from proper government job (think Canada Revenue, Passport Offices etc etc).

The taxpayers of Canada do not subsidize CP.
 
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