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Canada Post Cuts Management Roles Amid Financial Overhaul
Canada Post has initiated a significant restructuring of its management team, laying off dozens of non-unionized staff in an effort to streamline operations and address mounting financial challenges. The move is part of a broader transformation plan aimed at aligning leadership with the evolving needs of the organization.
CEO Doug Ettinger described the decision as “difficult but necessary,” citing the need to reduce costs and improve efficiency. The layoffs reportedly affect several senior executives and represent a 20% reduction in upper management. Canada Post emphasized that it will rely on attrition and maintain a hiring freeze to minimize further disruption.
This shake-up follows recent federal reforms that lifted a longstanding ban on rural post office closures and introduced new delivery mandates, including the installation of community mailboxes at millions of new addresses. The government has given Canada Post 45 days to present a cost-cutting strategy to address its financial instability, with losses exceeding $1 billion last year.
As the corporation grapples with declining mail volumes and rising operational costs, the restructuring signals a pivotal shift in its approach to leadership and service delivery. Canada Post is expected to unveil its roadmap to sustainability in the coming weeks.
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