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Canada Post, union reach tentative agreement: CUPW
The union agreed to pause strike action and Canada Post suspended lockout rights after two years of bargaining amid severe financial losses exceeding $5.5 billion since 2018.
- Late Friday, Canada Post and the Canadian Union of Postal Workers reached agreements-in-principle after more than two years of bargaining, pausing strike action and suspending lockout while finalizing contract language.
- After more than two years of rotating strikes, labour disruptions drove customers to competitors, while Canada Post took a $1.03 billion federal loan and reported a $541 million third-quarter pre-tax loss, with officials warning of a possible bailout by early 2026.
- Canada Post reported its highest quarterly loss, losing $541 million in the first nine months, with parcel revenue falling 40% to $450 million amid a 27 million-piece decline.
- With the busy holiday season looming, Canada Post said it will need short-term financing facilities over the next 12 months, while Ottawa reviews federal changes proposed earlier this month.
- Canada Post says the federal loan could be fully used by Dec. 31 due to revenue losses from strikes by 55,000 mail carriers, while CEO Doug Ettinger projects 30,000 employee departures over the next decade.
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23 Articles
23 Articles
Coverage Details
Total News Sources23
Leaning Left11Leaning Right2Center5Last UpdatedBias Distribution61% Left
Bias Distribution
- 61% of the sources lean Left
61% Left
L 61%
C 28%
11%
Factuality
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