Canada Post - Huge losses

[GreyGhost]

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As expected.. another billion dollar "loan"

Ottawa gives Canada Post a $1.01-billion loan amid ongoing financial struggles

The federal government says it is making more than $1 billion available to Canada Post in the form of a repayable loan to help the beleaguered Crown corporation remain solvent and keep its services running.

www.ctvnews.ca

Similar to the private lending discussion, if I loan someone 1B dollars, they burn through it in a year, make no payments, have done nothing to change their income or expenses and then want another loan, it is feeding money into the fire. Why would our great economist allow this loan? I thought he was all knowing and benevolent? If giving CP money, he should have called it what it is, a bailout necessitated by the piss-poor performance of his predecessor. Anyone supporting him when he can't even be honest about easy things needs to re-evaluate their position.

 

[Mad Mike]

 

[410001661]

I doubt anything will change with carney gunning for a majority - that is 30,000 voters for the Liberals right there. I would sure like to know how the executives are making out come bonus time. If this was a company they would be kicked out the door quickly it would make ones head spin, but this if federal corporations where failure is not only tolerated it is expected

 

[nakkers]

Mail itself is pretty much dead but, there still is a market for flyers and “junk” mail as it is. After that, there is stuff that needs to be mailed/ delivered of importance but, still can be done just as other e-commerce transactions are performed. Passports for example, there is a cost to renew, issue, process etc. bake in the cost to either pick up or courier and done.

My former neighbour who was a postman said 90% of deliveries was junk mail and then they had “courier” delivery such as books and stuff folks ordered on line. There is other stuff like credit cards and liquor orders but, even now you don’t even need to sign for most of them.

Ask my neighbours how often they they go to the mail box or super box. Most are once a week or even longer.

This is the equivalent of supporting door delivery of milk because that’s the way it’s always been done. It’s a real head scratcher why we continue to support running it the same way when it’s not necessary.

 

[Evoex]

Mail itself is pretty much dead but, there still is a market for flyers and “junk” mail as it is. After that, there is stuff that needs to be mailed/ delivered of importance but, still can be done just as other e-commerce transactions are performed. Passports for example, there is a cost to renew, issue, process etc. bake in the cost to either pick up or courier and done.

My former neighbour who was a postman said 90% of deliveries was junk mail and then they had “courier” delivery such as books and stuff folks ordered on line. There is other stuff like credit cards and liquor orders but, even now you don’t even need to sign for most of them.

Ask my neighbours how often they they go to the mail box or super box. Most are once a week or even longer.

This is the equivalent of supporting door delivery of milk because that’s the way it’s always been done. It’s a real head scratcher why we continue to support running it the same way when it’s not necessary.

I dunno if I agree with 90% being junk mail, as I assume he means flyers/neighborhood mail.

Each route in the core is roughly 1000 points of call. 1/3 of those get junk every 4th day and it rotates through the current cycle of mail ads.

Plenty of packets and small parcels to deliver but letter mail is dead dead.

 

[Mad Mike]

I dunno if I agree with 90% being junk mail, as I assume he means flyers/neighborhood mail.

Each route in the core is roughly 1000 points of call. 1/3 of those get junk every 3rd day and it rotates through the current cycle of mail ads.

Plenty of packets and small parcels to deliver but letter mail is dead dead.

I could live without letter mail, for the times I need to send something I’ll pay $20 as a small package.

 

[Mad Mike]

Agreed. Zero chance of that happening. Just send more $ to the bank account and kick the can down the road.

Firing people is different than actually finding efficiencies, which I’m sure can be done if the willpower is there.

Firing people often uncovers efficiencies. I’ve been part of 3 major reductions in force, when we did them we figured the sky would fall afterwards… it doesn’t. It’s a good opportunity to clear marginal workers, then the remaining workers get down to it, and managers find a way. All three times I was shocked that we barely missed a beat with 1/3rd fewer people.

Probably a little tougher in a union setting as you can’t pick and choose who goes, plus you’re fighting an organization that doesn’t always make employees grateful for their jobs.

In Canada posts situation id start with the newest employees. Cut deep and wide. Then let attrition handle the rest - goes faster as seniority rises.

 

[sburns]

Firing people often uncovers efficiencies. I’ve been part of 3 major reductions in force, when we did them we figured the sky would fall afterwards… it doesn’t. It’s a good opportunity to clear marginal workers, then the remaining workers get down to it, and managers find a way. All three times I was shocked that we barely missed a beat with 1/3rd fewer people.

Probably a little tougher in a union setting as you can’t pick and choose who goes, plus you’re fighting an organization that doesn’t always make employees grateful for their jobs.

In Canada posts situation id start with the newest employees. Cut deep and wide. Then let attrition handle the rest - goes faster as seniority rises.

They could literally cut a layer of management and nobody would notice. Has that classic gov layering hierarchy, with layers on layers.

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