Canada Post sends final offers to union amid mounting financial struggle – National [Video]

Canada Post says it has made its “final offers” to the union representing its workers, in a bid to end the ban on overtime work and prevent a larger strike.

The Crown corporation says its latest offer to the Canadian Union of Postal Workers (CUPW) on Wednesday is an “enhanced offer” from the one it made last week, despite its latest financial report showing mounting financial challenges.

The offers “protect what’s most important to employees while making important enhancements that build on the company’s most recent offers,” a statement from Canada Post said.

“The final offers also act on the recommendations of the Industrial Inquiry Commission (IIC) with much-needed changes to the company’s delivery model.”

Under the new offers, Canada Post says employees will receive a signing bonus of $1,000 or $500, depending on their role. The cost-of-living allowance payments will have a lower inflation threshold, meaning they will get triggered with inflation at 7.16 per cent instead of 13.59 per …