Canada Post presents latest contract offer to Canadian Union of Postal Workers – BNN Bloomberg

OTTAWA – Canada Post has presented its latest contract offer to the Canadian Union of Postal Workers in an effort to reach a new agreement without a work stoppage.

The new proposal includes annual salary increases of 11.5 percent over four years.

It also protects the defined benefit pension of current employees as well as their job security and health benefits.

The union announced earlier this week that its members voted overwhelmingly to support a strike if an agreement could not be reached at the bargaining table.

It said preliminary results showed 95.8 percent of urban workers and 95.5 percent of rural workers voted in favor of the strike mandate.

A cooling-off period in contract negotiations ends on Saturday.

This report from The Canadian Press was first published on October 30, 2024.

The Canadian Press