this post was submitted on 22 Nov 2024
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[–] [email protected] 23 points 2 months ago (19 children)

Since so many of these leave the details out.

https://www.bbc.com/news/articles/c1542q49wzgo

The union wants a 24% pay increase over the next four years - higher than the 11.5% increase proposed by employer Canada Post.

and

The latest strike comes as the Crown corporation deals with big financial losses of C$3bn since 2016, primarily due to the fact that people are sending fewer letters than before.

In its 2023 annual report, the operator said its financial situation is “unsustainable", and had projected that it will run out of cash unless it borrows C$1bn and refinances its existing debt.

[–] ikidd 4 points 2 months ago

Losing almost all the urban Amazon business to Bezos inhouse shipper was a pretty hard blow.

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