Canada Post Announces Layoffs of 50 Managers Amid Financial Restructuring
In early February 2025, Canada Post announced the layoff of nearly 50 management employees as part of a comprehensive corporate restructuring aimed at addressing significant financial and operational challenges. This move reflects the Crown corporation's efforts to modernize its operations and ensure the sustainability of its services across the nation. Financial Challenges Leading to Restructuring Since 2018, Canada Post has reported cumulative losses totaling $3.3 billion. These financial difficulties are primarily attributed to a steady decline in traditional letter mail volumes and intensified competition in the parcel delivery sector. In response, the corporation has recognized the necessity for substantial changes to its operating model to preserve its role as a vital national service provider. CityNews Toronto Details of the Recent Layoffs The recent layoffs affected approximately 50 management positions, with about half of the impacted employees based in Ottawa and the rema...