Canada Post - Huge losses

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Evoex said:
Probably a few weeks worth in the system after that...
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Yeah, it will take a little time to clear. Most of the crap caught in the system isn't important or time-sensitive anyway. If something was very time sensitive, it should not have been sent through CP during a labour dispute. I'd be in favour of keeping the system shut down until there is a workable deal. Constant hand wringing and bickering is not working. Throw the grenade.

Maybe the last card the union has to play is get the minister on side and take their required cuts quickly in exchange for an evisceration of management at the same time. Without change on both sides, it's still doomed. CUPW members shouldn't be the only group that feels pain (and gets right sized) in this process. Given the ridiculous number of management positions, in the ballpark of one for two job cuts may actually be feasible.

How are there 22 VP's? wtf. Firing about 20 of them seems reasonable.
 
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GreyGhost said:
Yeah, it will take a little time to clear. Most of the crap caught in the system isn't important or time-sensitive anyway. If something was very time sensitive, it should not have been sent through CP during a labour dispute. I'd be in favour of keeping the system shut down until there is a workable deal. Constant hand wringing and bickering is not working. Throw the grenade.

Maybe the last card the union has to play is get the minister on side and take their required cuts quickly in exchange for an evisceration of management at the same time. Without change on both sides, it's still doomed. CUPW members shouldn't be the only group that feels pain (and gets right sized) in this process. Given the ridiculous number of management positions, in the ballpark of one for two job cuts may actually be feasible.

How are there 22 VP's? wtf. Firing about 20 of them seems reasonable.
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CPC has an average of 10 workers per management role, where UPS has about 30.

Cutting supervisor positions is definitely needed, it must be leaner and as letter carrier positions are eliminated, a similar ratio of supervisory positions should go.

It’s harder to sort thing out in Upper management. - it’s a big organization so your going to have a lot of Veeps and department managers.
 
CPC has already in place reducing the numbers of workers. Only speaking at the processing plant level, I don't really know what going on upstairs in the office or outside with the letter carriers. In the plant, there full time position and part time position and causal (on call). When people retire, their position are not being filled, part time workers are not offered extra hours, and causals are not call into work. Shifts start time changes, staffing level change, the day you start work change, your days off change, etc.
All done to deal with the mail volume, streamline delivery and meet customers demand. That's what they told me!

Anyways, today CUPW will end the nationwide strike and opt for a rotating strike.
 
justride said:

www.thestar.com

Would you go to Canada Post for your mortgage? Why advocates think postal banking could be a lifeline for the Crown corp.

Amidst the labour dispute between Canada Post and the Canadian Union of Postal Workers, a debate concerning the future of post offices across the country has once again taken the stage: Should Canada Post enter the banking business?
www.thestar.com www.thestar.com

Would you go to Canada Post for your mortgage? Why advocates think postal banking could be a lifeline for the Crown corp.​

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CP is broke.. .who's money are they going to lend out??
 
Guessing it Canada Post Bank would look something like a credt union. Attracting customers with better rates.
There is your average kinda guy broke and there are Michael Jackson kinda of broke.
 
justride said:
CPC has already in place reducing the numbers of workers. Only speaking at the processing plant level, I don't really know what going on upstairs in the office or outside with the letter carriers. In the plant, there full time position and part time position and causal (on call). When people retire, their position are not being filled, part time workers are not offered extra hours, and causals are not call into work. Shifts start time changes, staffing level change, the day you start work change, your days off change, etc.
All done to deal with the mail volume, streamline delivery and meet customers demand. That's what they told me!

Anyways, today CUPW will end the nationwide strike and opt for a rotating strike.
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It's easier to keep a customer than try to get one back. A rotating strike is more annoying that a full strike. CUPW has shot most of their toes off but doesn't seem to be running out of ammo to promote their hissy fits.
 
justride said:

www.thestar.com

Would you go to Canada Post for your mortgage? Why advocates think postal banking could be a lifeline for the Crown corp.

Amidst the labour dispute between Canada Post and the Canadian Union of Postal Workers, a debate concerning the future of post offices across the country has once again taken the stage: Should Canada Post enter the banking business?
www.thestar.com www.thestar.com

Would you go to Canada Post for your mortgage? Why advocates think postal banking could be a lifeline for the Crown corp.​

Click to expand...
Canada Savings Bonds were discontinued in 2017 because they lost $58 million. Can you imagine CP doing any better?

Paying people to bankrupt you isn't a good business plan.
 
I miss savings bonds

While they were never good investments, I liked giving them instead of cash as birthday and Christmas gifts.
 
Mad Mike said:
I miss savings bonds

While they were never good investments, I liked giving them instead of cash as birthday and Christmas gifts.
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Our daughter got a ton of them from her grandmother but with her being a minor we had to pay the taxes that were generated. Since we had a mortgage that couldn't be written off, we got her to cash them in and we borrowed from her to pay off a big chunk of debt. Everyone won except the government.

When things got cleared up she got the value back. In house financing is great when there is trust.
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