Canada Post has presented final offers to the Canadian Union of Postal Workers (CUPW).
The offers for the Urban and RSMC bargaining units protect what’s most important to employees while making important enhancements that build on our most recent offers. The final offers also act on the recommendations of the Industrial Inquiry Commission (IIC) with much-needed changes to the company’s delivery model.
After almost two years of negotiations, a lengthy strike, an intensive review by the IIC, and now the resumption of strike activity, the Corporation’s final offers are designed to move negotiations forward and return certainty and stability to customers, Canada Post’s employees, and all Canadians.
Enhanced final offers
Canada Post’s final offers are enhanced from its global offers made on May 21:
- Employees will receive a signing bonus of $1,000 or $500, depending on their role (Urban and RSMC units)
- Cost of living allowance payments would be triggered at a lower inflation threshold (7.16%, instead of 13.59%) (Urban and RSMC units)
- Letter carriers using the Dynamic Routing delivery model will continue to receive a per-piece payment for Neighbourhood Mail deliveries until January 1, 2030. The per piece payments are on top of actual time values (Urban unit)
- Compulsory overtime will be removed, meaning the Corporation can no longer require employees to work mandatory overtime (Urban unit)
Release of the 2024 Annual Report
Canada Post has also released its 2024 Annual Report, including the company’s financial results for the year. While the results further demonstrate the need for major changes, Canadians also recognize they are the only delivery company with the network, people and commitment to serve all.
The report shows the company posted a 2024 loss before tax of $841 million, compared to a $748-million loss before tax in 2023. It’s the seventh consecutive annual loss for the Corporation.
The challenges facing the postal system – operational, structural and regulatory – are enormous and they are mounting. The 2024 Annual Report provides a detailed look at these challenges and the need to make changes to secure this vital national infrastructure for the road ahead.
Learn more
Learn more about the final offers for CUPW-represented employees at canadapost.ca/offers
Read the final offers news release
Read the 2024 Annual Report
Read the 2024 Annual Report news release
