You would think that after 6-7 six of straight losses they would have gotten an idea that their referenced “tried and true” methods didn’t work? Geez, did they, the management, c-suite and board just wait another quarter, got their pay cheques, and said “it wasn’t my problem/job”. Union employees have absolutely no say on how Canada Post is managed and operated on the big picture level - so who’s job IS it then? Why aren’t any of these people in management getting fired/let go?
Sure, I think we can agree they have lots of employees. What do each of them do? Now, why can’t we have other kinds of jobs for workers instead of straight up layoffs? I’m saying going straight to downsize is the easy solution because no one in upper management etc wants to develop new businesses that CP can do and service and still make money!! Are some jobs obsolete and outdated? Very likely. Is there a lot of redundancy? I’m sure every government run entity has it. Now who made the shots of hiring more and more? Management. Why aren’t they the first to go? Why is the onus on lower level employees?
We can let people go, eliminate jobs all we want about a shrinking business model because they (management) didn’t pivot or come up with new models to effectively retain cost-neutral/profitability. What isn’t the government and CP saying instead of going straight to cuts? Show us what they tried to get out of this deficit. Well turns out from all the reporting, they did very little and the private sector took their lunch. What a disaster.
Postage services can be so much more, they just aren’t willing to try. Why can’t they do basic banking? Financialization. They had the opportunity to but chose not to because they’re dinosaurs with outdated business models. Be a storage depot / warehouse for small businesses. I’m just throwing ideas out there.
‘Transformation’. More like getting gutted like what you see typically from failing companies run by fools and those seeking an easy way out.
Oh I am aware that they don’t really need to turn a profit. Net zero / cost recovery is more than good enough. And I am in no way implying using government legislation to regulate that market. We need Canada Post to change their business model where they can still retain their currently hired employees. Are they seriously not able to make significant changes to their existing model to be more competitive? It reeks of a non-innovative c-suite and board (and government officials) unwilling to take the hard road of actually working with the employees to make complex organizational changes. They are taking the easy way out via ‘standard accounting/business practices’ by slashing services and worker layoffs. That’s the easy way out.
What does the hard way look like? How about sitting down with union employees down to the lowest worker level and actually find ways for cost savings and new business opportunities to patch the shortfall? I don’t to believe that CP management truly has tried other than finger-pointing at external private businesses stealing their lunch from underneath them or government legislation that’s unwilling to change (because the fed gov is really the one in control here - so again, I’m saying they’re just taking the easy way out. You think an elected federal government employee is going to sit down and do the hard work to go around talking to a large number of union employees to find a way through all this? My bet is no - they’ll take the easy way out.)
I think the angle people aren’t looking at more is the financial side of things and actually calculating it out. [https://www.canadapost-postescanada.ca/cpc/en/our-company/financial-and-sustainability-reports/2024-annual-report/our-financial-picture.page](Canada Post’s Financials - See the first chart yourselves)
So it seems like 2018 they invested a little and the loss reduced. COVID happened so the big loss there isn’t surprising. However, in between the reduced service, someone ate their lunch or their upper management / c-suite / board no longer has the qualifications to lead it’s own team. Change the management already.
The monetary part of how much this subscription to Canada Post is going to be…: 841 million/41 million (current Canadian population) ~= $20.51 cents (rough math of ~$52.56 dollars per household based on 16 million addresses in Canada Post’s system) Canadian to have delivery/mailbox/post offices/parcel pickups. Now go compare the rates that Canada Post offers versus FedDex, DHL etc. Ask yourself, would you still use Canada Post?
So yeah, let’s all be outraged about $52.56 dollars for this service.
Any car company that relies on only 1 type of sensor or only 1 sensor on a car for autonomous driving is a fool. The key terminology is “sensor fusion”, where you have multiple types of sensors to generate an accurate model of the world around the car which is vastly superior to what a human can perceive. LiDAR is only one sensor. Add in cameras and radar which many cars already have and you’ll have a car that can’t be fooled by just mirrors.
We’re all being misled here raging over CP’s reform and its losses because ‘all I get is trash mail’. Why isn’t the management of Canada Post on the hook for this? Yet we’re here blaming the union of their mismanagement? After all, they’re the ones that are making the big bucks, so they know what they’re doing right? Right? Why aren’t any of these c-suite or board stepping down/let go from doing such a terrible job? 6 straight years, 24 financial quarters. Who let this ‘experiment’ run for so long? Did this never make a blip in some federal minister’s portfolio? Well at least we know who to blame for inaction during this time for this policy failure.