Canada Post likely will be locked out/on strike - July 2

[iggy_oi]

Originally Posted by Locke

1. This is incorrect. The Government has entered into a contract with a group of workers to provide a Defined Benefit. By nature a defined benefit is....a benefit...that is defined. You get what was promised and the deal cannot be changed retro-actively.

When its with a company if theres no money there then theres a process, but this is the Government, they cant welch on the deal. That money will come from somewhere, it has to.

2. Again, correct and incorrect. The lack of any kind of failsafes or guarantees in regards to the Old Pension Plan arent omitted by ignorance or lack of foresight, they're omitted due to lack of need. That plan is going to get bailed out by taxpayers. Thats a thing thats going to happen. This isnt trying to 'screw' the Union or the employees, this is triage. Stem the bleeding, this far no farther.

3. Yeah...who is coming out ahead? Current Postal Workers. They're going to be forced to accept the two-tiered pension system because the secret on Government-backed and Guaranteed Defined Benefit Pensions is out. They're untenable and unsustainable. Current Postal Workers are going to get paid, they're going to get their cushy pension and they're going to be damned near unfireable and they're going to be given incentives (read: money) to accept, and in exchange they're going to sell out their brother future Postal Workers because: "Screw those guys I dont know so long as I get mine!"

4. Yeah, read that last sentence again. No one is doing any of this out of altruism.

The bolded part demonstrates a lack of consideration for the very possible scenario that Canada post becomes a private corporation.

As far as your claims that the funds will be paid out no matter what, frankly that is an assumption, you can argue this all you want, but there is simply no guarantee of that, if all defined benefit pensions were simply guaranteed then why would anyone ever care about any modifications? People would just assume that any changes would have no negative impact whatsoever, the key word there is assume, assumptions or best guesses leave room for error, which is why it is best to have an assurance. And you may be thinking "but..but..but...I already told you defined benefit plans can't be altered" this is not accurate, most defined benefit plans have legal language to allow for modifications or ammendments, these are there to protect plan members in the event unexpected inflation as well as deficits. The only catch is when the plan is in a collective agreement, the employees have a say in what changes are made.

There is absolutely no question about it. As I explained before:

A Defined Benefit is....a Benefit...that is Defined.

It is a Government promise, any argument that Postal Workers who retire and see an underfunded pension fund are going to be thrown out onto the street is ridiculous and disingenuous. Any and all shortfalls will be covered.

This is the Crux of the whole problem.

A retirement plan is typically: personal contributions + employer matching (if there is any) + growth over time = retirement savings.

The issue with DB plans is that you are guaranteed a sum based on established criteria (typically average salary of 'x' number of final years in perpetuity) whether that prior equation justifies it or can afford it or not. In a DB plan a third party has agreed to cough up any difference.

A Defined Benefit Pension Plan assumes a great number of things, but at the end of the day it is a Guarantee of retirement income based on established criteria.

For instance, lets take one we can all love: Old Age Security.

The criteria: Canadian Citizen with 'X' number of years of residency that reaches the age of 65 who does not exceed an annual income of $71,592-$116K.

The Benefit: ~$6500/year (<- it changes from year to year)

The contribution? .....

To the first bolded part is a little misleading, the government did not make a promise, a crown corporation did. If that corporation is privatized, it is no longer a government promise. It's not as if they passed a bill in the senate on this.

And just to further invalidate that statement, even if it was a promise, history has shown that governments have a tendency to break their promises when they are no longer feasible.

My response to the first quote already covers my position on the other portions of this quote.

1. That assertion is patently false so no, I do not agree.

2. The Union absolutely has its current member's interest as their top priority and at the moment the Union is well poised to come out of this fiasco looking like Unicorns pooping rainbows and bleeding printer toner.

As I indicated earlier, current postal workers are going to make out like bandits, just so long as they dont have too much of a conscience over their 30 pieces of silver.

My assertion is based on fact. As pointed out in my response to the first quote, so unless you can provide some sort of legal precedent for why an underfunded pension must be bailed out by a government even if they don't have the funds or support to do so I hope you will be able to see your opinion as an assumption and not a fact supported position.

I cant even specifically point out certain parts of this one.

Of course they feel it isnt their problem, the Government literally cannot not pay the agreed pensions.

Finally, if the Unions had any sense they'd take the deal that their current members are more or less perfectly happy with.

So....why dont they? Especially if they have their current members' interest at the forefront of their priorities?

Because right now Postal Workers are the weakest link and everyone knows it.

This is just the first Domino to fall. The CUPW will be taking heat from every other Union that represents Government workers with Defined Benefit plans to fight this tooth and nail and not set a precedent. If the CUPW caves to that pressure they will be doing so at pretty much exactly what Resolute has been saying, conflicts of union representation.

"We the CP brothers cant in good conscience screw our brothers in various other branches of Government work."

And those brothers will be collecting full salary and benefits while their CP brothers walk the picket line for peanuts. For the cause! Once more unto the breach brothers!

Like I alluded to earlier, the secret is out, these Defined Benefit Pension plans are killer and have to be eliminated and as I have been saying for years the best way to do it is to phase them out over time so nobody gets totally screwed.

The bolded portion is again strictly your opinion on the matter, my guess is you haven't spoken to the majority of CUPW members, so to speak on their behalf in order to make your argument doesn't add anything credible to support your position.

As far your opinion on defined benefit pension plans, if you are saying Canada post is run by the government, don't you feel it is a little bit hypocritical on their part to claim these plans are doomed to fail while all politicians get to keep their defined benefit pensions?

Edit: my last paragraph got me thinking how interesting it is that people in here are so out to get CUPW because they don't want their tax dollars to have to pay for expensive pension plan in the event it fails, yet are not concerned with the fact that they are alreadt paying to cover another expensive pension plan to ensure that it does not fail, I mean we wouldn't want people like Mike Duffy to have to worry about losing their pension after his years of honourable service, but an average guy who worked a regular job to support his family and make an honest living, who paid his taxes, some people here seem awfully quick to hang him from the highest tree.

And yes that last part is an assumption on my part, if all the people who are criticizing the CUPW for wanting to keep their plan are currently writing letters, going to rallies and using other means to protest these same plans that politicians have which we ARE paying for, I'll retract that statement.

[Locke]

Originally Posted by iggy_oi

The bolded part demonstrates a lack of consideration for the very possible scenario that Canada post becomes a private corporation.

As far as your claims that the funds will be paid out no matter what, frankly that is an assumption, you can argue this all you want, but there is simply no guarantee of that, if all defined benefit pensions were simply guaranteed then why would anyone ever care about any modifications? People would just assume that any changes would have no negative impact whatsoever, the key word there is assume, assumptions or best guesses leave room for error, which is why it is best to have an assurance. And you may be thinking "but..but..but...I already told you defined benefit plans can't be altered" this is not accurate, most defined benefit plans have legal language to allow for modifications or ammendments, these are there to protect plan members in the event unexpected inflation as well as deficits. The only catch is when the plan is in a collective agreement, the employees have a say in what changes are made.

To the first bolded part is a little misleading, the government did not make a promise, a crown corporation did. If that corporation is privatized, it is no longer a government promise. It's not as if they passed a bill in the senate on this.

And just to further invalidate that statement, even if it was a promise, history has shown that governments have a tendency to break their promises when they are no longer feasible.

My response to the first quote already covers my position on the other portions of this quote.

My assertion is based on fact. As pointed out in my response to the first quote, so unless you can provide some sort of legal precedent for why an underfunded pension must be bailed out by a government even if they don't have the funds or support to do so I hope you will be able to see your opinion as an assumption and not a fact supported position.

The bolded portion is again strictly your opinion on the matter, my guess is you haven't spoken to the majority of CUPW members, so to speak on their behalf in order to make your argument doesn't add anything credible to support your position.

As far your opinion on defined benefit pension plans, if you are saying Canada post is run by the government, don't you feel it is a little bit hypocritical on their part to claim these plans are doomed to fail while all politicians get to keep their defined benefit pensions?

Edit: my last paragraph got me thinking how interesting it is that people in here are so out to get CUPW because they don't want their tax dollars to have to pay for expensive pension plan in the event it fails, yet are not concerned with the fact that they are alreadt paying to cover another expensive pension plan to ensure that it does not fail, I mean we wouldn't want people like Mike Duffy to have to worry about losing their pension after his years of honourable service, but an average guy who worked a regular job to support his family and make an honest living, who paid his taxes, some people here seem awfully quick to hang him from the highest tree.

And yes that last part is an assumption on my part, if all the people who are criticizing the CUPW for wanting to keep their plan are currently writing letters, going to rallies and using other means to protest these same plans that politicians have which we ARE paying for, I'll retract that statement.

Okay, lets touch on a few points, I think we're arguing similar things just in different extremes.

First of all I consider the likelihood of Privatization of Canada Post somewhere on par with Canada planning a Moon landing. It could happen, but the odds are infinitesimal.

Further, even assuming that its in the conversation, Privatization of a National entity isnt like putting Postal Workers in a raft and cutting them loose, spinning off subsidiaries legally require all liabilities to be paid up and ergo the pension fund would have to be topped up. If they screwed it up from there then yes, that would be their problem.

Secondly, you're talking about the possibility of the current workers accepting the two-tiered system and then being outnumbered by newer workers on the new plan and having their old, grandfathered pension amended.

Again, this is highly unlikely, while its conceivable usually when these provisions are grandfathered in employees who arent part of it arent eligible to make changes to it. And further to that its also likely that Canada Post will be hiring fewer and fewer new employees so by the time the tipping point of power is reached it will likely affect almost no one.

Thirdly, Crown Corporation agreements are backed by the Government. I dont see where you get the idea that the taxpayers are not going to cover the shortfall of the pension. But for the moment, lets assume that your dream comes true and taxpayers are not on the hook for the unfunded portion:

Then Postal Workers, regardless of whether they accept the two-tiered system or not, are screwed. If that money isnt coming from the Government then it isnt coming from anywhere so CP wouldnt be able to cover it, it would likely lead to CP's insolvency then bankruptcy.

All while, what? The Government presumably idly watches on the sidelines twiddling their thumbs as they watch the ship slide quietly under the waves?

Then CUPW will have to change their acronym to the Canadian Union of Unemployed Postal Workers.

And finally, on my opinion on Defined Benefit Pension Plans and any supposed hypocrisy?

No hypocrisy on my part here. I dont care if you're a Postal Worker or the Prime Minister I believe that the Defined Benefit Pension model is inherently flawed and a huge drain on systemic resources and our economy and I dont believe anyone should get them.

Out of all of these pension funds in Canada both Federally and Provincially I think all but two of them have huge unfunded liabilities that consume vast budgetary resources.

As I indicated earlier, more and more people are starting to realize this fact and finally starting to do something about it.

[peter12]

Why would you privatize Canada Post? Race to the bottom. It's not like Purolator, UPS, or Fedex do an amazing job of delivering parcels or mail.

[Resolute 14]

Suggesting that Canada Post would be privatized is little more than an attempt at distracting the argument. It could happen in the same way Canada could build its own space program and land an astronaut on Mars in the next 20 years.

[PepsiFree]

Originally Posted by Locke

First of all I consider the likelihood of Privatization of Canada Post somewhere on par with Canada planning a Moon landing.

Originally Posted by Resolute 14

It could happen in the same way Canada could build its own space program and land an astronaut on Mars in the next 20 years.

Alright, come on guys, is it the Moon? Or Mars?

[iggy_oi]

Originally Posted by peter12

Why would you privatize Canada Post? Race to the bottom. It's not like Purolator, UPS, or Fedex do an amazing job of delivering parcels or mail.

Originally Posted by Resolute 14

Suggesting that Canada Post would be privatized is little more than an attempt at distracting the argument. It could happen in the same way Canada could build its own space program and land an astronaut on Mars in the next 20 years.

It's been speculated for a while and with regular mail service being considered less and less of an essential service it's not inconceivable or in my opinion even that unlikely.

Locke I will respond to your post when I'm not at the stampede, you clearly put a lot of thought into it and there are many points I'd like to respond to so I'd like to give my response to it the undivided attention it deserves.

[Kjesse]

I think its only a matter of time that Canada Post will be privatized. It is no longer an essential service except for outlying communities that do not have affordable access to couriers.

The reason this is relevant to the strike issue is, unions often stand in the way of necessary organizational change. CP needs desperately to change how they operate if they want to stay relevant in say, 20 years time.

The pension issue is only one component of that-- in that if the government finds its too expensive to have these workers with the pensions, that will be one factor in the arguments that are made to support privatization.

Decisions that are made now in this strike/lockout will have impact for a couple decades to come.

[CaptainCrunch]

I don't think that Canada Post will be privatized. But for the most part there is a courier network to most fairly small and remote population centers.

I do think that one of the leverage points was really the mass delivery boxes and the Trudeau Government basically killed them. But the government can really bring those back into the discussions privately and in the back room.

In terms of privatization, instead of that, I believe what will happen will be a shrinking of Canada Post and the cancellation of services at some point. Nobody will want to buy them, especially with a $6 billion dollar pension liability. Instead it will be allowed to wither and die, and Canada Post will simply be able to say, we don't want to do package deliveries, we have Purolator for that. The day of 8 hour work days for postal workers will eventually fade to this being a part time job due to being able to mass deliver mail to postal boxes.

The Union holds very little leverage in this whole thing. Basically from what I've seen, its not like when the Union used to be able to hold the country hostage every two yeas anymore. People are going lockout? Strike? who gives a crap.

So the real question is how long are the union members going to be willing to live on strike pay?

[iggy_oi]

Originally Posted by Locke

Okay, lets touch on a few points, I think we're arguing similar things just in different extremes.

First of all I consider the likelihood of Privatization of Canada Post somewhere on par with Canada planning a Moon landing. It could happen, but the odds are infinitesimal.

Further, even assuming that its in the conversation, Privatization of a National entity isnt like putting Postal Workers in a raft and cutting them loose, spinning off subsidiaries legally require all liabilities to be paid up and ergo the pension fund would have to be topped up. If they screwed it up from there then yes, that would be their problem.

Secondly, you're talking about the possibility of the current workers accepting the two-tiered system and then being outnumbered by newer workers on the new plan and having their old, grandfathered pension amended.

Again, this is highly unlikely, while its conceivable usually when these provisions are grandfathered in employees who arent part of it arent eligible to make changes to it. And further to that its also likely that Canada Post will be hiring fewer and fewer new employees so by the time the tipping point of power is reached it will likely affect almost no one.

Thirdly, Crown Corporation agreements are backed by the Government. I dont see where you get the idea that the taxpayers are not going to cover the shortfall of the pension. But for the moment, lets assume that your dream comes true and taxpayers are not on the hook for the unfunded portion:

Then Postal Workers, regardless of whether they accept the two-tiered system or not, are screwed. If that money isnt coming from the Government then it isnt coming from anywhere so CP wouldnt be able to cover it, it would likely lead to CP's insolvency then bankruptcy.

All while, what? The Government presumably idly watches on the sidelines twiddling their thumbs as they watch the ship slide quietly under the waves?

Then CUPW will have to change their acronym to the Canadian Union of Unemployed Postal Workers.

And finally, on my opinion on Defined Benefit Pension Plans and any supposed hypocrisy?

No hypocrisy on my part here. I dont care if you're a Postal Worker or the Prime Minister I believe that the Defined Benefit Pension model is inherently flawed and a huge drain on systemic resources and our economy and I dont believe anyone should get them.

Out of all of these pension funds in Canada both Federally and Provincially I think all but two of them have huge unfunded liabilities that consume vast budgetary resources.

As I indicated earlier, more and more people are starting to realize this fact and finally starting to do something about it.

My post was not meant to be taken as Canada post will privatize, I was just pointing out the fact that it could happen. I do feel as though they have taken steps in a direction that would certainly make it much more likely, however that aswell as your opinion that they won't, are just our opinions, and I'm pretty confident we both realize our opinions do not provide any kind of factual argument for or against the likely hood of this happening. So it's probably best we leave it at that.

To your point on having to pay off all liabilities before the sale of a business, the thing with this pension plan is that it is not currently in any sort of real debt, it is currently able to pay off its annual liabilities. It is likely to be in a bad spot down the road, however it would be like purchasing a company which has failed to turn a profit in the last 5 years, if they are losing $5M annually when you purchase said company they are not liable for future losses from years of them poorly running it. If Daryl Katz sold the oilers to some other poor unfortunate soul, the new owner would not be able to demand payment for lost playoff game revenue if their operating budget was based on breaking even by making the playoffs. The onus would be on the new owner to fix the issue, which in the case of the oilers I'm sure we can agree on that we both hope this never happens. This was just rough example of how when you purchase a company, the selling company is not liable for future losses, and with an investment based pension plan those losses are not guaranteed, no matter how likely they may be.

As far as the claim that the two tiered system does not risk giving the new workers the ability to modify the existing plan once the balance in voting power shifts, I can tell you that that is not accurate. In collective bargaining anything that is not protected by employment standards is subject to change in any round of negotiations. They could even put a clause in this agreement that they will never reduce the old plan, and that clause could be voted out in the next contract talks. This is a fact.

Finally to touch on the hypocrisy thing, I was not suggesting you were being a hypocrite at all, if you read my post I was simply stating that if the government was running Canada post as many seem to believe. It would be hypocritical of them to be trying to argue that the defined benefit pension plan must go, as almost all federal government officials have one. But as I said before I don't see it that way, as there is a difference between a crown corporation and a publicly funded service corporation like say Alberta Health Services. Writing this actually just made me ponder what type of pension the upper management at Canada Post receives. Also if the federal government was running the operations at Canada post it's highly unlikely they would ever let them strike.

You've made your views on DB pensions quite clear so even though I don't agree with your view on this labour dispute, I don't think anything you're saying is hypocritical at all. You are an accountant and are obviously very knowlegable on the numbers side of defined benefit pensions and the challenges they present. I appreciate and respect the experience and information you have been bringing to this thread. It's far more interesting and educating than for us to post back and fourth with you calling me a union shill and me calling you a...an...accounting shill? Is that what people call you guys when you give them facts about why they owe on their taxes and they don't agree?

[calgarygeologist]

Originally Posted by CaptainCrunch

I don't think that Canada Post will be privatized. But for the most part there is a courier network to most fairly small and remote population centers.

I do think that one of the leverage points was really the mass delivery boxes and the Trudeau Government basically killed them. But the government can really bring those back into the discussions privately and in the back room.

In terms of privatization, instead of that, I believe what will happen will be a shrinking of Canada Post and the cancellation of services at some point. Nobody will want to buy them, especially with a $6 billion dollar pension liability. Instead it will be allowed to wither and die, and Canada Post will simply be able to say, we don't want to do package deliveries, we have Purolator for that. The day of 8 hour work days for postal workers will eventually fade to this being a part time job due to being able to mass deliver mail to postal boxes.

The Union holds very little leverage in this whole thing. Basically from what I've seen, its not like when the Union used to be able to hold the country hostage every two yeas anymore. People are going lockout? Strike? who gives a crap.

So the real question is how long are the union members going to be willing to live on strike pay?

Why would management and the Canadian Government let Canada Post wither away and die instead of trying to privatize and sell? That would be the worst decision ever made and any Government would be stupid to not try to monetize on some of the value that exists within Canada Post.

Privatization is really the best and only option for the future.

[Locke]

Originally Posted by CaptainCrunch

I don't think that Canada Post will be privatized. But for the most part there is a courier network to most fairly small and remote population centers.

I do think that one of the leverage points was really the mass delivery boxes and the Trudeau Government basically killed them. But the government can really bring those back into the discussions privately and in the back room.

In terms of privatization, instead of that, I believe what will happen will be a shrinking of Canada Post and the cancellation of services at some point. Nobody will want to buy them, especially with a $6 billion dollar pension liability. Instead it will be allowed to wither and die, and Canada Post will simply be able to say, we don't want to do package deliveries, we have Purolator for that. The day of 8 hour work days for postal workers will eventually fade to this being a part time job due to being able to mass deliver mail to postal boxes.

The Union holds very little leverage in this whole thing. Basically from what I've seen, its not like when the Union used to be able to hold the country hostage every two yeas anymore. People are going lockout? Strike? who gives a crap.

So the real question is how long are the union members going to be willing to live on strike pay?

The SuperBox issue is another huge thing coming up as well.

I dont believe that CP will ever Privatize, but by nature we all have to adapt to survive and the SuperBox is a perfect example of the current non-productive attitudes.

"We want what we've always had and we want it guaranteed forever."

"You cant get more efficient! That means you wont need as many of us!"

Translates to:

"They're taking our jobs!"

Which in the context of:

"We're losing the labour war to a compartmentalized steel bin!"

They are losing to inanimate objects.

This was a decision that was made by Canada Post and the Government at the time in an effort to adapt and in a shocking and immediate act of partisan hackery the day after his election the new PM drops an executive order halting the entire initiative.

[Locke]

Originally Posted by Delgar

I think its only a matter of time that Canada Post will be privatized. It is no longer an essential service except for outlying communities that do not have affordable access to couriers.

The reason this is relevant to the strike issue is, unions often stand in the way of necessary organizational change. CP needs desperately to change how they operate if they want to stay relevant in say, 20 years time.

The pension issue is only one component of that-- in that if the government finds its too expensive to have these workers with the pensions, that will be one factor in the arguments that are made to support privatization.

Decisions that are made now in this strike/lockout will have impact for a couple decades to come.

And thats exactly why it wont be.

"Outlying communities who dont have affordable access to couriers."

And by privatizing CP you then turn the Government subsidized option into an unaffordable courier.

No one is going to buy the least profitable part of a business and then keep the prices artificially low out of altruism.

[CaptainCrunch]

Originally Posted by calgarygeologist

Why would management and the Canadian Government let Canada Post wither away and die instead of trying to privatize and sell? That would be the worst decision ever made and any Government would be stupid to not try to monetize on some of the value that exists within Canada Post.

Privatization is really the best and only option for the future.

Because in order to privatize you need someone that's willing to step in and do it. With all of the other courier companies having the infrastructure in place to pick up something like mail delivery, they probably don't need what Canada post has. Most of the cities already have sorting centers so they wouldn't need to buy that real estate or take on that liability, the same with the other fixed assets.

the only thing a private concern might be interested in would be the junk mail contracts which are probably money makers.

But for the most part, they could stand by and watch Canada Post wither away. Or start their own private mail delivery services that piggy back on parcel delivery.

I think that a big thing that would prevent anyone from buying something like Canada post would be bringing in redundant employees, because its not really a super exclusive skill, and also buying the liabilities such as the pension.

[Kjesse]

Originally Posted by Locke

And thats exactly why it wont be.

"Outlying communities who dont have affordable access to couriers."

And by privatizing CP you then turn the Government subsidized option into an unaffordable courier.

No one is going to buy the least profitable part of a business and then keep the prices artificially low out of altruism.

Drones. Self driving trucks. Think 20 years from now. They'll be everywhere. And they might be just smart enough by then to join an electronic union.

"Tesla Post", expect it.

[Locke]

Originally Posted by Delgar

Drones. Self driving trucks. Think 20 years from now. They'll be everywhere. And they might be just smart enough by then to join an electronic union.

SkyNet. You're talking about SkyNet.

Are you.....are you one of them?

[CaptainCrunch]

ding dong

A woman opens the door to see a menacing 6-4 monster dressed in leather. He's wearing sun glasses, and he's all menacing and robotic

Terminator - "Mrs Sarah Conners?"

Sarah - "Yes"

He reaches into his coat, we get a flash of his view of the world its all red and there are computer looking codes and a targeting sensor and a Microsoft Windows Logo on the top left side. A dialogue box pops up with actions.

Terminator - "Guut, I have a package for you, please sign here, and here"

She does

Terminator - "Thank you and have a nice day.

The terminator marches remorselessly to the next house through her nice herb garden. A annoying neighbors cat who has been digging the garden up gets squashed by a size 14 boot worn by a robot that probably weighs about 900 pounds.

[Locke]

Originally Posted by Delgar

Drones. Self driving trucks. Think 20 years from now. They'll be everywhere. And they might be just smart enough by then to join an electronic union.

"Tesla Post", expect it.

Okay, but in all seriousness if you're talking about drones and self-driving trucks that would be a business model that would move far too fast for CP, why bother spending money buying anything from the Government when you could just undercut them and take the business anyways?

In a situation like that they wouldnt Privatize CP, they'd just shut it down.

[calgarygeologist]

Originally Posted by CaptainCrunch

Because in order to privatize you need someone that's willing to step in and do it. With all of the other courier companies having the infrastructure in place to pick up something like mail delivery, they probably don't need what Canada post has. Most of the cities already have sorting centers so they wouldn't need to buy that real estate or take on that liability, the same with the other fixed assets.

the only thing a private concern might be interested in would be the junk mail contracts which are probably money makers.

But for the most part, they could stand by and watch Canada Post wither away. Or start their own private mail delivery services that piggy back on parcel delivery.

I think that a big thing that would prevent anyone from buying something like Canada post would be bringing in redundant employees, because its not really a super exclusive skill, and also buying the liabilities such as the pension.

If Canada Post was to hit the market I think that they could easily attract some pretty big offers from companies like DHL or Pitney Bowes. Pitney Bowes would be extremely interesting if Chopra is still leading Canada Post because he was in charge of Pitney before coming to CPC. I'm sure he could put together a strong sales pitch to his old buddies.

[iggy_oi]

Originally Posted by calgarygeologist

If Canada Post was to hit the market I think that they could easily attract some pretty big offers from companies like DHL or Pitney Bowes. Pitney Bowes would be extremely interesting if Chopra is still leading Canada Post because he was in charge of Pitney before coming to CPC. I'm sure he could put together a strong sales pitch to his old buddies.

Purolator would presumably also be included in any deal so it would be a massive market consolidation
For any company.

[zamler]

Originally Posted by CaptainCrunch

ding dong

A woman opens the door to see a menacing 6-4 monster dressed in leather. He's wearing sun glasses, and he's all menacing and robotic

Terminator - "Mrs Sarah Conners?"

Sarah - "Yes"

He reaches into his coat, we get a flash of his view of the world its all red and there are computer looking codes and a targeting sensor and a Microsoft Windows Logo on the top left side. A dialogue box pops up with actions.

Terminator - "Guut, I have a package for you, please sign here, and here"

She does

Terminator - "Thank you and have a nice day.

The terminator marches remorselessly to the next house through her nice herb garden. A annoying neighbors cat who has been digging the garden up gets squashed by a size 14 boot worn by a robot that probably weighs about 900 pounds.

I'm not sure what this is but I like it.