Canadian Federal Politics Thread v5

[iggy_oi]

Originally Posted by Doctorfever

We’ll keep wondering then. Let me know what wondering gets you.

Reminds me of a story. The other day there was a recall on my GMC. My first thought was, I wonder what Ford thinks about this. They must have something to say.

/g

Thanks for coming out Doctorfever.

[Doctorfever]

Originally Posted by iggy_oi

Thanks for coming out Doctorfever.

I was wondering if you were going to post that.

[Dion]

Originally Posted by iggy_oi

Even if the raise they get awarded through arbitration is enough of an increase from the company’s last offer that it outweighs the loss?

I could see it in the long term. Problem here is can the employees wait that long. Unless you have a lot savings set aside, a loss of a month's wages is going to add more stress to mounting bills that need to be paid.

[iggy_oi]

Originally Posted by Dion

I could see it in the long term. Problem here is can the employees wait that long. Unless you have a lot savings set aside, a loss of a month's wages is going to add more stress to mounting bills that need to be paid.

Sounds like they were ok with it though, otherwise they probably wouldn’t have voted 95% in favour of striking. Not sure how much their strike pay is but that helps soften the blow a little. But in the big picture even if they had no strike pay an additional 2% immediate increase recoups the loss of a month of wages over the term of a 4 year agreement. Mind you there’s no guarantees on what they’ll get awarded, but I’d guess it’s going to be higher than the company’s last offer.

[chemgear]

Thank goodness for Amazon and their own delivery system.

https://nationalpost.com/news/canada-post-strike-day-29

Canada Post said it missed delivering 12 million parcels in early December, the Financial Post reported.

According to Johnson, for every day of supply chain delays, it takes roughly five days to “clean up the mess.”

He added: “Effectively we’ve lost Christmas with Canada Post, like even if the strike were settled today, there is no way that Canada Post is even going to get through all of the backlog that is in the system in order for it to pick up a single new package and get it to its destination before the holidays. So Canada Post is effectively done for 2024. There is no hope for it to come back as an option for small businesses this year.”

He released a statement in a post on X, saying that if CIRB determines a deal won’t be reached by the end of 2024, then they are to order union employees back to work and to extend the existing agreements until May 22, 2025.

[TorqueDog]

F-cking good, about time if both of these bands of merry idiots can’t figure out how to reach an agreement.

Originally Posted by Johnny199r

The Canada Post strike failed spectacularly for the workers.

1 month with no pay, a generally annoyed public, probably lost clients for the employer and ordered back to work.

Originally Posted by PepsiFree

Sounds like a pretty big failure for the employer.

Whatever the terms in the final agreement notwithstanding, I say they both lost. The workers basically taking the general public hostage over the busiest season for parcel delivery won them no favour with people, and they lost a month of income. Meanwhile, Canada Post has taken a massive hit between lost clients and losing out on business during its typically most lucrative season when they’re already in a financially precarious position, and lots of small players were able to step in and fill the gap for businesses which has likely stolen them away from CanPo. My US forwarding service used UniUni in place of CanPo and it was both quick and inexpensive.

There were no winners.

[Locke]

Originally Posted by TorqueDog

F-cking good, about time if both of these bands of merry idiots can’t figure out how to reach an agreement.

Whatever the terms in the final agreement notwithstanding, I say they both lost. The workers basically taking the general public hostage over the busiest season for parcel delivery won them no favour with people, and they lost a month of income. Meanwhile, Canada Post has taken a massive hit between lost clients and losing out on business during its typically most lucrative season when they’re already in a financially precarious position, and lots of small players were able to step in and fill the gap for businesses which has likely stolen them away from CanPo. My US forwarding service used UniUni in place of CanPo and it was both quick and inexpensive.

There were no winners.

They are demanding raises after rather demonstrably proving their own insignificance.

Get back to work. As is. And potentially with cuts. Or...theres the door.

[iggy_oi]

Originally Posted by Locke

They are demanding raises after rather demonstrably proving their own insignificance.

Get back to work. As is. And potentially with cuts. Or...theres the door.

Why would the government need to force them back to work if they are insignificant?

[Locke]

Originally Posted by iggy_oi

Why would the government need to force them back to work if they are insignificant?

Probably just to stop the incessant whining?

[TorqueDog]

Originally Posted by iggy_oi

Why would the government need to force them back to work if they are insignificant?

Aside from the millions upon millions of dollars in property that they’ve been effectively holding hostage?

If I could fly to the port of entry for my international shipments and just pick up my parcels already in transit, I would have done so. Could make a weekend of it in Vancouver or Toronto.

[Wormius]

Originally Posted by Locke

Probably just to stop the incessant whining?

From the businesses that need them to operate and can’t afford the alternatives?

[iggy_oi]

Originally Posted by TorqueDog

Aside from the millions upon millions of dollars in property that they’ve been effectively holding hostage?

One has to wonder why the government would be compelled to bail out a company who would be dishonest with their customers regarding their (in)ability to fulfill their commitments to them.

If I could fly to the port of entry for my international shipments and just pick up my parcels already in transit, I would have done so. Could make a weekend of it in Vancouver or Toronto.

I’m sorry Canada Post chose to hurt you like this.

[Locke]

Originally Posted by Wormius

From the businesses that need them to operate and can’t afford the alternatives?

If they get all their demands they're going to become just as un-affordable as the alternatives.

19% Wage increase over 4 years to deliver junk mail?

[iggy_oi]

Originally Posted by Locke

If they get all their demands they're going to become just as un-affordable as the alternatives.

Can you show us your math on this?

[ripTDR]

Originally Posted by Locke

Probably just to stop the incessant whining?

Search the hourly rates, they aint that much. They got nothing to lose.

[TorqueDog]

Originally Posted by iggy_oi

I’m sorry Canada Post's workers' union chose to screw over Canadians and Canadian businesses like this.

Yeah, likewise.

Originally Posted by iggy_oi

Can you show us your math on this?

Canada Post CY2024-Q3 Financials and Canada Post's Year-End 2023 Annual Financial Report.

You don't need to be an accountant to know that having really big ass numbers in parenthesis in financial reports are bad. Now imagine you increase wages by 19% and refuse to allow Canada Post to become competitive with other parcel carriers by taking on PT weekend delivery how they're trying to, that's the hill the union has been willing to die on this whole time.

Our current financial picture

• For 2023, Canada Post recorded a loss before tax of $748 million, compared to a loss before tax of $548 million in 2022.
• Without changes to address the structural challenges with our operating model, we forecast larger, unsustainable losses in future years.
• Even with Canada Post's recently proposed stamp price increase, the Corporation projects that, without additional borrowing and refinancing, it will fall below its required operating and reserve cash requirements by early 2025.

Revenue and volumes by line of business
Parcels

Parcels revenue in Q3 and YTD 2024 declined by $46 million (-5.8%) and $133 million (-5.5%), respectively, and volumes declined (-9.6% and -6.0%, respectively for Q3 and YTD), compared to the same periods in 2023. Details by product category were as follows:

• Domestic Parcels revenue decreased by $26 million (-4.2%) in Q3 2024 and $87 million (-4.4%) YTD 2024, over the same period in 2023, primarily due to competitive pressures from global players and low-cost entrants, changes in customer and channel mix, and a decrease in fuel surcharges, which are tied to market fluctuations. Despite higher online shopping returns and improved service performance, volumes declined in Q3 and YTD 2024 as post-pandemic competition is driving Canada Post's loss of market share to other well-established global companies and low-cost entrants.
• Outbound Parcels revenue, consisting of revenue collected from domestic customers for parcels destined to foreign posts, increased by $3 million (+2.6%) for Q3 2024 and $3 million (+1.1%) for YTD 2024, compared to the same periods in 2023. In 2024, Outbound Parcels revenue per piece, which varies by destination country and sales channel (retail consumers or commercial customers), was negatively affected by the customer mix.
• Inbound Parcels revenue, including fees paid to Canada Post by other posts for items originating outside of Canada, declined by $22 million (-28.6%) and $52 million (-22.0%) in Q3 and YTD 2024, respectively, compared to 2023. As more countries make the transition from postal networks to competitive domestic channels and low-cost competitors, inbound volumes have steadily decreased.
• Revenue from Other Parcels, primarily consisting of fees from the Customs Postal Import Program, increased by $3 million (+10.4%) for the YTD 2024 compared to 2023, due to higher volumes of inbound postal items requiring customs and duties processing, for which we receive an administration fee per item.

I hope it doesn't take Locke 'showing [his] math' to drive home the point that if an org is already broke, paying more for the status quo will only put you deeper in the hole and it's either raise prices or face insolvency. Canada Post doesn't get tax dollars to operate.

[Firebot]

Originally Posted by iggy_oi

What does Pierre think of all this?

Originally Posted by iggy_oi

So, what does Pierre think of all of this?

Originally Posted by iggy_oi

Haven’t seen anything yet. Hence why I’m wondering what his thoughts on it are.

The Liberal-NDP coalition government has just legislated Canada Post workers back to work.

Iggy_oi thought process: What does Pierre think of all of this?

Clearly the natural thought process of a sane non-partisan poster.

What does iggy_oi think of all this?

[PepsiFree]

Originally Posted by Firebot

The Liberal-NDP coalition government has just legislated Canada Post workers back to work.

Iggy_oi thought process: What does Pierre think of all of this?

Clearly the natural thought process of a sane non-partisan poster.

What does iggy_oi think of all this?

Wondering what the opposition thinks of a move the government makes is partisan now?

Damn, Monahammer calling you out with pinpoint accuracy must have really shaken you up.

[iggy_oi]

Originally Posted by TorqueDog

Yeah, likewise.

I’m reasonably confident that the union isn’t in charge of giving delivery timelines to the customers but if you’re privy to some inside information that I’m not aware of and that isn’t the case please share it and I’ll be happy to stand corrected.

[iggy_oi]

Originally Posted by Firebot

The Liberal-NDP coalition government has just legislated Canada Post workers back to work.

Iggy_oi thought process: What does Pierre think of all of this?

Clearly the natural thought process of a sane non-partisan poster.

What does iggy_oi think of all this?

I’m not happy about them being legislated back to work.

What’s with all of these allegations regarding my mental state?