Canada Post employees are poised to strike, impacting mail and parcel delivery if collective agreement negotiations continue to fail. The Canadian Union of Postal Workers, representing 55,000 employees, initiated this position following a previous labor dispute that ended in December without a resolution. The postal service has faced substantial financial losses, including a $748 million deficit in 2023, leading to government loans for survival. The situation is dire, with predictions of needing upwards of $1 billion annually from the government by 2026 to sustain operations.
The Canadian Union of Postal Workers warns that without a new agreement, mail and parcel deliveries could stop, affecting millions across Canada.
Canada Post hasn't made a profit since 2017, losing $3 billion and requiring a $1 billion government loan to stay operational.
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