Canada Post said it notched nearly $1.3 billion in operating losses last year as the beleaguered institution laid out its “final offers” to the union representing 55,000 workers after negotiations resumed on Wednesday.
The Crown corporation has now posted seven consecutive annual losses, amounting to $3.8 billion before tax since 2018, it said.
Included in its latest proposal are an end to compulsory overtime, signing bonuses of between $500 and $1,000 and cost-of-living payments that are triggered at a lower inflation threshold.
Management’s earlier offer of a nearly 14 percent cumulative wage hike over four years remains unchanged, as does a plan to hire part-time staff for weekend delivery—a major sticking point in the talks….