Canada Post losses to continue until business model changes

Major losses at Canada Post are set to continue this year, next year and beyond until the company can reposition itself with a focus on ecommerce parcels, digital communications and direct marketing.

That was the message from the Crown Corporation’s president and CEO Deepak Chopra today, as he addressed an annual public meeting in Ottawa.

After a rocky year in which Canada Post has been hit by catastrophic conflict with its unionised workforce, a $150m lawsuit over pay equity, accelerating mail volume declines and a $6.6bn pension deficit, the Corporation has come off 16 consecutive years of profitability to record a $253m loss in 2011.

Read more: Canada Post losses to continue until business model changes | Post & Parcel.