August 27, 2016
Alert #5 Good News On Canada Post Finances!
The Canada Post 2016 second Quarter Financial Report has been released and it contains lots of good news for postal workers and for the public. The Report reveals that even without a rate increase for letters, CPC has reported record revenues from operations. It also reported its best financial results since 2010. All indications are that 2016 will be a very profitable year, despite the efforts of management to instruct large volume mailers to avoid mailing in June 2016 in anticipation of a planned lock-out.
Best Ever Profits From Operations
CPC reported its highest profits from operations ever for the first six months of 2016!
Great News on Revenues
CPC reported $3,185,000,000 revenues from operations during the first six months of 2016. This is the most revenue ever reported by CPC for the January-June period of any year!
Good News on Profits Before Tax
CPC reported $45 million profits before tax in the first six months of 2016. This represents the highest profits in the same period since 2010. Plus, this was achieved despite CPC instructing large volume mailers not to mail during June 2016.
Parcel Volumes Skyrocket
The rate of parcel volume growth continued to increase in the first half of 2016. Parcel volumes in the first six months of 2016 increased 11.4% over the first six months of 2015. In 2015, parcel volumes increased 6.5% compared with the same period of 2014. The increase in revenue from parcels now exceeds the loss in revenue from reduced lettermail.
Pension Surplus Increases
The going concern surplus in the Canada Post Pension Plan increased from $1.2 billion to $1.6 billion, a 25% increase.
Intensive Mediation Continues
The Negotiating Committee continues to work with Special Mediator William Kaplan and Guy Baron, head of the Federal Mediation and Conciliation Services. The mediation process is very intense with the objective of reaching a negotiated settlement over the weekend.
Time to Settle!
Click this link to see the Canada Labour Code:
CANADA LABOUR CODE
PICTURES FROM AROUND THE LOCAL
- 2016 AUG 26 - 70 WYNFORD DRIVE
- 2016 AUG 25 - 280 PROGRESS
- 2016 AUG 24 - WEST BEAVER CREEK
- 2016 AUG 23 - MAPLE
- 2016 AUG 20 - SCARBOROUGH LOCAL PICNIC
- 2016 AUG 19 - 280 PROGRESS - RED & WHITE DAY
- 2016 AUG 19 - 55 TEMPO
- 2016 AUG 18 - BRAMPTON TOWN HALL
- 2016 AUG 18 - YORK REGION TOWN HALL
- 2016 AUG 17 - SCARBOROUGH TOWN HALL
- 2016 AUG 17 - DON VALLEY WEST TOWN HALL
- 2016 AUG 17 - WILLOWDALE B
- 2016 AUG 12 - RICHMOND HILL RETAIL
- 2016 AUG 11 - Y.D.C.
- 2016 AUG 09 - MP BILL MORNEAU'S OFFICE
- 2016 AUG 08 - RICHMOND HILL
- 2016 AUG 05 - 280 PROGRESS AVE., RED & WHITE DAY
- 2016 AUG 04 - WILLOWDALE D
- 2016 AUG 02 - STOUFFVILLE
- 2016 JUL 28 - HARWOOD AVE. / AJAX
- 2016 JUL 26 - 14TH AVENUE
- 2016 JUL 25 - SCARBOROUGH DEPOT 11
- 2016 JUL 22 - 70 WYNFORD DRIVE
- 2016 JUL 19 - 31 BRODIE AVE.
- 2016 JUL 18 - 280 PROGRESS
MEDIA FROM AROUND THE COUNTRY ON THE CPC LOCKOUT
2016-08-20 - Arbitrator chooses Canada Post's proposal in final offer selection process with postmasters association (CPAA)
2016-08-19 - CEO of Canada Post needs to be removed: National Union | National Union of Public and General Employees’
2016-08-19 - CUPW Info Rally in Grand Falls-Windsor Addressing Disparity Between Urban, Rural Workers
The National Union web site is at:
CANADIAN UNION OF POSTAL WORKERS
This Local is affiliated with the Canadian Labour Congress, Ontario Federation of Labour and the Labour Council Metropolitan Toronto and York Region and the Durham Region Labour Council.
The Local is composed of the members as a whole. It is comprised of a Local Executive Committee which shall consist of at least 11 members in good standing. The members, at regular monthly Membership and Special meetings or by a referendum vote are the Supreme Authority of the Local.