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Canada Post, union reach tentative agreement: CUPW
More than 50,000 postal workers will vote on tentative contracts after a two-year dispute paused rotating strikes amid Canada Post's record financial losses.
- 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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58 Articles
CUPW capitulates to government-management jobs massacre at Canada Post with “agreement in principle”
Postal workers must immediately move to countermand this sellout through the formation of independent rank-and-file committees in every postal sorting plant and depot across Canada.
·United States
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Canada Post Reaches Deal in Principle With Union, Strike Suspended
Canada Post and the union representing thousands of its mail carriers took their biggest step toward ending a long saga of collective bargaining Friday, agreeing in principle to a set of new contracts. In a statement, the Canadian Union of Postal Workers said rotating strike action has been suspended as the two sides work out language in the new contracts. Canada Post agreed to the same terms for any lockout action. If both parties can’t come to…
·New York, United States
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Coverage Details
Total News Sources58
Leaning Left26Leaning Right3Center8Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 22%
Factuality
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