this post was submitted on 22 Nov 2024
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[–] AlternateRoute@lemmy.ca 24 points 1 month ago (3 children)

Since so many of these leave the details out.

https://www.bbc.com/news/articles/c1542q49wzgo

The union wants a 24% pay increase over the next four years - higher than the 11.5% increase proposed by employer Canada Post.

and

The latest strike comes as the Crown corporation deals with big financial losses of C$3bn since 2016, primarily due to the fact that people are sending fewer letters than before.

In its 2023 annual report, the operator said its financial situation is “unsustainable", and had projected that it will run out of cash unless it borrows C$1bn and refinances its existing debt.

[–] healthetank@lemmy.ca 46 points 1 month ago (2 children)

Side note, but I always hate how it's described as "losses". No shit providing mail delivery is a service. It's nice to aim to reduce the cost as much as possible, but when you're looking at something like Canada where there are countless remote and difficult to reach communities, regular communication and parcel delivery is going to cost money

[–] Chip_Rat@lemmy.world 17 points 1 month ago (1 children)

Now now! What would Capitalism say if it heard you?!

[–] Phil_in_here@lemmy.ca 10 points 1 month ago (1 children)

"Ah just let private industry compete. When you have literally hundreds of options, the cream will rise to the top.

Competition is the way of capitalism, so don't turn your back on it or you'll have unaffordable scarcity.

The best thing — oh, hang on, it's the cabal of private corporations. A merger, you say? Glory to the consolidation of wealth! Yeah, of course you can price fix with the rest of the triopoly. It's called 'market price.'

As I was saying, the best thing to do would be to layoff the entire staff, sell everything for pennies on the dollar, and leave everything in the trustworthy hands of private enterprise. They're just better at it."

[–] Chip_Rat@lemmy.world 4 points 1 month ago (1 children)
[–] Whitebrow@lemmy.world 4 points 1 month ago

Best I got is a Eh men.

[–] ikidd@lemmy.world 4 points 1 month ago

Losing almost all the urban Amazon business to Bezos inhouse shipper was a pretty hard blow.