Canada Post Fakes Death to Commit Suicide
Old news. Canada Post dropped a bomb of an announcement over our heads last month—the price of stamps will be rising dramatically, home delivery is being phased out, and approximately 8,000 workers will lose their jobs, allegedly through attrition. By now, many people have likely moved on to the next scandal and accepted Canada Post’s proposed changes as passé. But don’t let go of that righteous anger just yet—there’s more to this story than meets the eye.
What’s the problem in the first place? Well, Canada Post says it’s been losing money, but it’s all about the spin. There’s a big difference between posting a loss and bringing in less revenue. The truth is, Canada Post posted a loss in 2011 for the first time in 16 years, but it afterwards returned to profitability in 2012. Moreover, “the loss in 2011 was largely due to one-time costs—a pay equity settlement and a benefit increase due to a pension adjustment.”
Let’s not forget 2011 was the year of the lockout. Canada Post hurt itself in that situation. It wasn’t open for business as usual because of its own decisions—that is, the manipulation of its unionised employees. Three years later, Canadians shouldn’t have to suffer the injustice of compensating the company for its own mistakes. We already paid for that blunder as it was happening.
Read more.... http://www.miscellaniackery.com/canada-post-fakes-death-to-commit-suicide/