If they strike or are locked out, CP doesn't pay 50,000 CUPW staff anything. They would still be paying mnanagent. They take the big losses when we have weeks of threatening to strike so all the big volume users switch to other couriers, but CP is still paying the CUPW workers while volume plummets
Cp does not pay the goverenment a cent, hasn't in years and won't going forward. The "profit", 1-2% margin on $8b revenue, doesnt exist. Every cent of it wouldn't stop the pension deficit from growing. If Harper hand't given them a holiday from the pesnion payment until after 2017, they would have needed over $1b more this year, and every year going forward.
The community mail boxes saving $500m~ a year, big real price increases every year like the 6% on stamps they had announced for this year, and replacing retirers with lower (but still very well) paid staff were going to get them out of the mess they are in. Now Trudeau has messed the plan up.
The union knwos the numbers don't add up, that is why they are proposing the crazy "start a bank" idea. To make the pension payment, every source of revenue CP has would have to be 15% higher then it is. But of course if they do that volume falls, so the price increase would have to be more then that. To meet the union demands to pay the rural union etc rates would have to go up even more beyond that . On top of dealing with volume falling year after year
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