Citing “unsustainable” losses, stalled contract talks and dwindling numbers of Canadians sending letters, the federal government is giving Canada Post the go-ahead to end home delivery, close some rural post offices, and send mail by land instead of air.
In a press conference Thursday afternoon, federal minister for government transformation, public works and procurement Joël Lightbound is set to announce that he’s giving the Crown corporation 45 days to come up with a plan to implement the broad restructuring, which he called a necessary step to keep Canada Post alive.
“This situation is unsustainable. Canada Post is effectively insolvent, and repeated bailouts are not a long-term solution. Transformation is required to ensure the survival of Canada Post and protect the services Canadia