Canada Post is at a crossroads as management and the union, CUPW, clash over the root causes of its problems. During industrial inquiry hearings in Ottawa, management criticized delivery staff's early departures while the union pointed to financial mismanagement. CEO Doug Ettinger described the need to modernize their outdated operating model amidst competition in e-commerce. Canada Post CFO Rindala El-Hage warned of projected losses totaling nearly $1.7 billion by 2029, highlighting the urgency for change as the corporation struggles to adapt after a recent strike.
"We're at a critical juncture with Canada Post right now," said CEO Doug Ettinger. "We need to redevelop our operating model. It's an old-fashioned, outdated operating model that in today's hyper-competitive e-commerce market holds us back."
Rindala El-Hage, Canada Post's chief financial officer, outlined a bleak economic outlook. She projected a financial loss in 2025 of $900 million, which will rise to almost $1.7 billion in 2029.
Collection
[
|
...
]