There could be big job cuts ahead at Canada Post.
At its annual public meeting, Canada Post revealed an operating loss so far this year of more than a Billion dollars … and that its latest quarterly loss – 541 million dollars – was the largest quarterly loss in the company’s history.
CEO Doug Ettinger says the corporation, which is now being called “effectively insolvent” will use attrition to downsize from its workforce of around 62,000 employees.
