Canada Post managed to turn a profit in 2012, but the profits are the result of non-cash adjustments to labour costs, and from operations. According to the Crown corporation’s annual report, $98 million in future sick leave and post-retirement health benefits were saved as a result of the new collective agreement reached in late 2012. That allowed for a one-time adjustment without which Canada Post would have posted a loss of $54 million in that year. The loss would have been tempered by profits from Canada Post’s other operations, such as Purolator, but the Canada Post group as a whole would still have posted a loss of $25 million. Continue reading →
The publication, curated by Chris Anstead and Chris Hargreaves, was developed as a collaborative exhibit for BNAPEX 2024 Kingston.
