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Market Chatter: Canada Post Strike Hits Three Week Mark As Union Says It's Ready to Restart Mediation
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Market Chatter: Canada Post Strike Hits Three Week Mark As Union Says It's Ready to Restart Mediation
Dec 5, 2024 5:55 AM

08:40 AM EST, 12/05/2024 (MT Newswires) -- As the Canada Post strike hits the three week mark, the union representing more than 55,000 postal workers says it has sent new counter proposals to the government appointed mediator, The Canadian Press is reporting Thursday.

It noted the Canadian Union of Postal Workers said in a bulletin Wednesday evening that it's ready to get back to federal mediation, which was put on pause last week.

The report said one of the key issues in negotiations has been a push to expand delivery to the weekend, but the two sides are at odds over how to staff the expansion.

It added Canada Post has pitched the expansion as a way to boost revenue as it's been struggling to compete with other delivery companies.

On the weekend, the Crown corporation said it presented the union with a new framework to reach negotiated agreements, including proposals to bring greater flexibility to its delivery model. It said Wednesday it's waiting for a direct response from the union.

The union said the framework is closer to what they're looking for but still needs to address its priorities, which include wages and the expansion of Canada Post's services.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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