this post was submitted on 06 Feb 2025
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Canada Post laying off dozens of managers amid shaky financial future (www.cbc.ca)
submitted 1 month ago by HellsBelle@sh.itjust.works to c/canada@lemmy.ca
12 comments fedilink hide all child comments
 

Canada Post is laying off dozens of managers in an attempt to save money after years of severe financial losses, CBC News has learned.

The layoffs include firing three senior executives last month β€” most notably the company's chief financial officer. Two vacant roles have also been eliminated, resulting in an overall 20 per cent cut to senior management, Canada Post said.

"They're not handling mail or anything like that," he said. "To the public, this will largely be invisible ... this won't impact service," he said.

The Crown corporation, which does not receive taxpayer funding and is expected to sustain itself based on the services it offers, has been bleeding money every year since 2018 β€” totalling more than $3 billion.

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[–] HellsBelle@sh.itjust.works 35 points 1 month ago (2 children)

The idea that a crown corp that benefits everyone in Canada but is NOT funded by our tax dollars makes no fucking sense to me at all.

[–] Kichae@lemmy.ca 12 points 1 month ago (1 children)

Clearly you don't own a significant amount of stock in FedEx.

[–] HellsBelle@sh.itjust.works 9 points 1 month ago

Tbh even if I could, I wouldn't.

[–] apprehensively_human@lemmy.ca 7 points 1 month ago (2 children)

I wonder how much the average Canadian's taxes would need to increase to fund Canada Post until it breaks even. I feel like that could find a place in the federal budget fairly easily.

[–] HellsBelle@sh.itjust.works 13 points 1 month ago (1 children)

The feds could fund it easily if they started forcing rich people to pay their fucking taxes, especially since the CRA hasn't even gone through the Panama Papers leak to chase down all those scummy twats.

[–] sunzu2@thebrainbin.org 3 points 1 month ago

It is not CRA's job to harass job creators 🀑

[–] Fiivemacs@lemmy.ca 7 points 1 month ago (1 children)

I'd like to see Canada post go to weekly deliveries. If you need it outside your alloted day, you must go pickup.

Instant savings for them from drastic decrease in th amount of deliveries

[–] k_rol@lemmy.ca 1 points 1 month ago (1 children)

Delivery twice or thrice a week would probably save so much already.

[–] moonbunny@sh.itjust.works 1 points 4 weeks ago (1 children)

That’s one way to turn people off from using Canada Post, while the competition offers 7-days/week deliveries, even some doing late night/early morning deliveries with some Amazon couriers.

[–] k_rol@lemmy.ca 1 points 3 weeks ago

Good point, I didn't think of that. I had only letters in mind.

[–] ProgrammingSocks@pawb.social 17 points 1 month ago

What the hell do they mean "shaky financial future"? Canada Post is a public service. Do roads have a "shaky financial future" as well? We really need to get past this capitalist delusion that government services should somehow make money when they're there to serve the public.

[–] GrindingGears@lemmy.ca 6 points 1 month ago

I've been wondering this past week if Canada Post could take advantage of this angst against America that we are all feeling, and start an all Canadian Amazon competitor. I mean Canada Post would for sure find a way to fuck this up, but they've already got the shipping network on lock. Start a marketplace.