OTTAWA - The CEO of Canada Post says the company expects to lose up to 30,000 employees to retirement or voluntary departure over the next decade as the Crown corporation looks to shrink its workforce and modernize the service.

"Going forward, we will need to be a leaner organization and align our operations to the modern needs of the country and our financial reality," Doug Ettinger told Canada Post's annual meeting Tuesday.

"It will need some change, but we can do it in a way that minimizes the impact on our people."

He said the company will use "attrition first" to downsize from the roughly 62,000 people it employed at the end of last year.

The company expects to shed 16,000 employees through retirement or voluntary departures by 2030, with an additional 14,000 leaving by 2035.

Ett

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