Canada Post and its postal workers have officially signed new collective agreements, ending a two-year-long bargaining process that included seven weeks of nationwide strikes. The Canadian Union of Postal Workers (CUPW), which represents 55,000 employees, voted earlier this month to ratify the tentative agreements reached in December.
Key Details of the New Contracts
As part of the new contracts, postal worker wages will see increases of 6.5 per cent in year one, including five per cent already received, and a three per cent increase in year two. For years three to five, annual wage increases would match the inflation rate of the Consumer Price Index. The contracts remain in effect until Jan. 31, 2029.
Statements from Canada Post
“With the stability of new agreements in place, we look forward to working with our employees and bargaining agents to rebuild the business, restore confidence in the postal service and better serve the country,” the Crown corporation said in a statement Thursday. “Having these new agreements in place is critical as we move ahead with a multi-year transformation to return to financial sustainability and better meet the modern needs of the country,” Canada Post added.
“It’s important that we move forward in a timely manner, while continuing to work closely with our bargaining agents and the Government of Canada.”
