Sunday, December 8, 2019Canada's Leading Online Business Magazine

Canada Post Still Delivering… Talks Continue

Canada Post box

Canada Post says talks with the union representing postal workers continue and it still hopes to negotiate a deal.

The company has not given the required 72 hours notice of a lockout, nor has the union given notice of any job action.

Both sides remain at the negotiating table, which is a good sign. However, changes to employee pension plans have been a key sticking point in negotiations.

Canada Post made new contract proposals about a week ago, and the union presented a counter-offer last Friday.

That offer includes wage hikes and rejects Canada Post’s plan that would have new employees get a pension plan that operates like an RRSP, called defined contribution, instead of the defined benefit plan for current employees that guarantees a set level of retirement benefits.