Latest news with #CUPW
National Post
3 hours ago
- Business
- National Post
Canada Post reaches a deal with second-largest union. Could there still be a strike?
Canada Post and its second-largest union have reached an agreement in the ongoing labour dispute between the postal service and its workers. Article content In a statement released Thursday, the employer said it has a new collective agreement with the Canadian Postmasters and Assistants Association. As Canada Post's second-largest union, CPAA represents more than 8,500 employees, primarily those responsible for managing post offices in rural Canada. Article content Article content Article content What are the terms of the new agreement? Article content Article content The new agreement includes an 11 per cent wage increase over three years, retroactive to Jan. 1, 2024. The increase is split between 6 per cent in 2024, 3 per cent in 2025, and 2 per cent in 2026. The agreement is effective from Jan. 1, 2024, to Dec. 31, 2026. Article content According to a release from the union, the agreement also includes a $1,000 lump-sum payment to all full-time employees on the date of its signing, and $500 to all other employees. Article content No. Canada Post is still trying to reach a deal with CUPW, its largest union, which represents about 55,000 postal workers. It has been in a strike position since May 23, with the union having imposed a ban on overtime since that date. Article content Last week, the corporation received notice that Patty Hajdu, the minister of jobs and families, had approved its request for a vote to take place on the company's final offers to CUPW, which was delivered on May 28. The vote will be administered by the Canada Industrial Relations Board as soon as possible. Article content 'Canada Post welcomes the Minister's decision as it will provide employees with the opportunity to have a voice and to vote on a new collective agreement at a critical point in the company's history,' the company said in a statement. It is still unclear when the vote will take place. Article content
The Market Online
6 hours ago
- Business
- The Market Online
TSX Futures Climb as U.S. Holds Off on Mideast Military Move
Canadian equity futures ticked up Friday as markets breathed a temporary sigh of relief, with concerns over potential U.S. military escalation in the Israel-Iran standoff showing signs of easing. Market Numbers (Futures) TSX :Up ( 0.20%) 26,559.01TSXV: Down (0.37%) 715.97DOW: Up (0.11%) 42,234.00NASDAQ: Up (0.17%) 21,758.25 FTSE: Up (0.41%) 8,827.97 In the Headlines: Canada's struggling EV market just got hammered harder, as workers say new tariffs are triggering production cuts and job losses across the industry. And Canada Post locked in a deal with its second-largest union, giving rural workers an 11% raise, while talks with CUPW remain on the table. Currencies Update: (Futures) The Canadian dollar is down 0.08% to $0.7298 U.S., also in the red against the Euro by 0.27% to $0.6314 and Bitcoin is up 1.03% to 145,246.94 Commodities: (Futures) Natural Gas: Up (3.44%), 4.13WTI: Down (2.33%), 73.37Gold: Down (0.70%), 3,347.07 Copper: Up (1.34%) 6.14 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Hamilton Spectator
12 hours ago
- Business
- Hamilton Spectator
Canada Post reaches deal with second-largest union, negotiations continue with CUPW
OTTAWA - Canada Post says it has reached a contract deal with its second-largest union as negotiations continue with the Canadian Union of Postal Workers. The Crown corporation says the new collective agreement with the Canadian Postmasters and Assistants Association comes after 18 months of negotiations, the same span of time it's been in talks with CUPW. The postal service says the agreement with the CPAA covers about 8,500 employees, who mostly manage post offices in rural Canada. It says the new agreement includes an 11 per cent wage increase over three years, retroactive to the start of 2024, including a six per cent increase in the first year, three per cent for 2025 and two per cent in 2026. In a negotiation update on its website, the CPAA said it made 'significant advancements' in many areas of the collective agreement, which also include a bump in leasing allowances, Truth and Reconciliation Day added as a designated holiday and a childcare fund created. Canada Post is still trying to reach a deal with CUPW, its largest union representing about 55,000 postal workers. Updates last week from the two sides indicated they were struggling to make progress on talks, while the union remains in a legal strike position with all members under an overtime ban since May 23. In announcing the deal with the CPAA, Canada Post said the arbitrator between the two said a recent report on the state of Canada's postal service had an impact on the negotiations. Canada Post spokeswoman Lisa Liu said last week that CUPW has effectively refused to take heed of the federally commissioned report that called for major reforms to the 158-year-old institution, including more flexible routes and part-time weekend positions with similar pay rates and benefits. The union said last week that Canada Post is refusing to meet it 'halfway' on arbitration, with talks stalled and the two sides still far apart. Given the impasse, the federal government intervened last week to force unionized Canada Post workers to vote directly on the latest offers from the postal service, though no date has been set. This report by The Canadian Press was first published June 19, 2025.
Time of India
19 hours ago
- Business
- Time of India
Canada Post reaches deal with rural union after 18-month standoff as talks stall with 55,000 CUPW workers
After 18 months of tense negotiations, Canada Post has reached an agreement with its second-largest union, which represents roughly 8,500 members, bringing much-needed relief to rural postmasters and assistants across the country. Yet the larger and more fraught negotiations continue with the Canadian Union of Postal Workers ( CUPW ), which represents 55,000 urban and rural mail carriers. The latest contract by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read Now Undo The freshly inked contract with the Canadian Postmasters and Assistants Association (CPAA) runs from January 1, 2024, to Dec 31, 2026. It guarantees an 11 percent wage increase over three years, divided as 6 percent in the first year, 3 percent in 2025, and 2 percent in 2026, with full retroactive application to January 2024. CPAA members, representing 8500 members and largely based in rural communities, say the raise recognizes the unique challenges they face, including isolation, limited resources, and underused offices that remain vital lifelines in their towns. Live Events 'This means I can think about repairs or extending hours without fretting about finances,' says rural postmaster Rachel Dalton, who oversees a post office in northern Ontario. 'It may not sound glamorous, but for our community, it matters.' Canada Post credits progress to intervention from a federal arbitrator, which centered on a stern Industrial Inquiry Commission report outlining the corporation's financial pressures . Still, that same report also guided discussions with CUPW. Canada Post formally requested last month that CUPW members vote on its final offer under Section 108.1 of the Canada Labour Code. Tensions remain high. CUPW has imposed an overtime ban since May 23, citing stalled talks as their reason. Urban mail carriers report mounting stress: slower deliveries, weekend backlogs, and surging public frustration. Canada Post reports losses of over $1 billion since 2018, including $4.9 billion in labor costs vs $6.9 billion in revenue in 2023. With parcel delivery costs topping benchmarks, the corporation insists it can't afford unsustainable wage hikes.
Yahoo
a day ago
- Business
- Yahoo
Canada Post says it has reached a deal with 2nd-largest union CPAA
Canada Post says it has reached a deal with the Canadian Postmasters and Assistants Association, the second-largest union representing its workers. The union represents 8,500 of the Crown corporation's employees, most of whom are responsible for managing post offices in rural areas of the country. The new collective agreement includes a wage increase of 11 per cent over three years, retroactive to Jan. 1, 2024, Canada Post said in a statement Thursday. The two parties have been negotiating for 18 months. CBC News has reached out to CPAA for a statement. Canada Post has yet to reach a deal with its largest union, the Canadian Union of Postal Workers (CUPW), having sent that group its final offer last month. Final offer put up for vote Federal Jobs Minister Patty Hajdu said earlier this month that she would put the final offer up for a vote among CUPW members, and asked the Canada Industrial Relations Board to conduct the vote "as soon as possible." It is still unclear when the vote will take place. CUPW members went on 32-day strike last fall after the two sides failed to negotiate a collective agreement. The strike ended after the federal government imposed a return-to-work order. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
