Canada Post reports that the threat of a strike is "rapidly impacting" revenue, as customers are switching delivery services to ensure timely holiday package arrival.
Retailers are seeking shipment certainty during the critical holiday season, prompting them to move parcels to other delivery companies due to the strike threat.
The Canadian Union of Postal Workers emphasized an urgent negotiation need, stating, "If there is no real movement at the bargaining table, we won't shy away from taking the next step."
Canada Post faces significant financial losses, with claims of needing to review proposals to address the situation as volumes of mail and parcels continue to decline.
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