Canada Post workers vote on contract today
After more than two years of labour strife, postal workers will learn today if they've ratified a five-year deal.
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Canada Post workers are set to find out Monday whether they've ratified a new tentative agreement after more than two years of labour negotiations.
Some 55,000 members of the Canadian Union of Postal Workers began voting April 20 on a five-year contract offering wage increases of 6.5 per cent and three per cent in the first two years. Canada Post and the union have sparred repeatedly over wages and structural changes to the postal service, with workers taking to the picket line multiple times throughout the bargaining process.
Both sides agreed not to engage in strikes or lockouts while the ratification vote took place. Workers are also casting ballots on whether to authorize a strike mandate in case they reject the deal.
About 60 per cent of the union board endorsed the proposed agreement, citing job security, though the union's president asked members to reject it, arguing it rolls back rights and compensation.
Canada Post reported a $205-million loss before taxes in the first quarter as it moves forward with reforms meant to address its continued financial struggles.