Quote:
Originally Posted by Dion
The facts are taxpayers had to bailout CP when it was losing money. Something the union fails to remeber.
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When did this happen? Canada Post has been profitable for 18 of the last 19 years. They haven't touched the taxpayers' money.
Canada Post has seen a ton of income/growth from parcels and admail revenue. The first quarter of this year was one of their strongest ever ($44 million). They have cut starting wages by $5/hour, reduced sick pay, and slashed jobs by 30-55%.
Now they want to cut the pension, take away lunches, reduce vacation pay, transfer employees with less than 10 years service anywhere in their province, and reduce physio benefits, among other things.
When Postal Banking was proposed, Canada Post did an 800 page report on it which concluded that it was a good idea for everyone. When asked to reveal this report to the press, 700 pages of it mysteriously disappeared and they've dismissed the idea ever since.
For a corporation with 22 Vice presidents who keep collecting bonuses, they can't be hurting that much.