We’ve got some good news for Canadians this afternoon. No Canada Post lockout.
Canada Post has agreed to a 30 day ‘cooling off’ period, where they and the CUPW will continue to negotiate a reasonable and acceptable new 5-year contract, but it would have to be followed by a binding arbitration, according to Canada Post’s news release, which the CUPW has not agreed to at this time.
But many would say that at this point, it’s already too little too late. Business for Canada Post has dropped substantially over the course of the past ten days as news about the [potential CUPW strike], and then [Canada Post’s lockout] have already made headlines across the nation.
Canada Post states:
…we are fully prepared to negotiate intensively for the next 30 days under an extended “cooling off period” to reach negotiated settlements. However, if the parties are unable to successfully conclude negotiations within that period, both parties must agree to binding arbitration.Canada Post
The two have been in negotiations now for at least eight months.
Because Canada Post had threatened the CUPW with potential lockout, and because the CUPW had threatened Canada Post with a potential strike, people and businesses across the nation have already begun making the switch from Canada Post to other shipping and courier companies.
In turn, this has created an 80 percent drop in Canada Post usage in comparison to exactly one year ago today.
The CUPW has not agreed to a binding arbitration.
Over 50,000 CUPW are still anxiously awaiting a solution by Canada Post to this debacle.
Canada Post has stated that what the CUPW is asking for would cost over $1 billion.