Many other countries have privatized their post offices and, with mail mostly sent electronically these days, Canada Post has been in a chronic loss position
Striking Canada Post employees are seen at a Canada Post mail sorting facility during nation-wide strike action in Ottawa, on Nov. 18.The current strike by the Canadian Union of Postal Workers brings to mind the decades-old debate concerning the need to privatize or undertake a major restructuring of Canada Post.elicits a certain sadness: the 55,000 unionized employees at Canada Post Corp.
since 2018. With financial results like this, it appears Canada Post’s current business model is having a Wile E. Coyote moment – running off a cliff and defying gravity for a time running in mid-air. Canada Post also delivers materials other than letters, such as parcels and direct-marketing mail. But it does not possess a monopoly in these segments and has to compete with private-sector companies. Lacking the incentive and agility of enterprises faced with the discipline of a bottom line, Canada Post’s share of these markets is in steady decline, as mentioned in the corporation’s annual reports.
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