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According to a news story today in the Toronto Star (Business section) the federal government has rejected Canada Post request to increase domestic postal rate from $0.85 to $0.90
http://www.pressreader.com/canada/toronto-star/20151217/282449937975748/TextView
http://ottawacitizen.com/business/local-business/canada-post-president-gets-new-500k-contract
The Conservatives obviously like what they see in Canada Post president and CEO Deepak Chopra: his contract has been extended five years effective Feb. 1, 2016, at a salary of roughly $500,000 per year.
Cabinet approved the deal in July – six months before Chopra’s first five-year contract was due to expire. Given the uncertainty created by the Oct. 19 federal election, the new contract likely provides meaningful severance for Chopra should the Conservatives lose power.
The Liberals and New Democrats have promised to halt Canada Post’s ongoing efforts to end home mail delivery, which is expected to produce up to $500 million in annual savings by 2019.
This doesn’t necessarily mean they would fire Chopra if they are elected, but it’s difficult to see the former Pitney Bowes Canada executive sticking around under this scenario. He would have to backtrack on a central part of his plan to turn around the $8-billion-a-year Crown corporation.
Chopra announced 15 months ago that Canada Post would eventually phase out delivery to more than five million households, replacing door-to-door service in many cases with community mailboxes. The corporation converted 100,000 homes last year and expects to introduce community mailboxes to another 900,000 by the end of this year.
Is management at Canada Post overpaid? I do not know.
What I do know is that a week ago, Canada Post was advised that their request to increase lettermail rate for 2016 from $0.85 to $0.90 was rejected by the federal government.
A week later, Canada Post has not yet updated their website.
How do you measure the efficiency of senior management if the information on the postal rate most used by Canadians is incorrect on their official website?
https://www.canadapost.ca/tools/pg/prices/lm_pricesheet-e.pdf
Then, try calling Canada Post to get the correct information... it may take a while and require a few transfers!
Anyone arguing that management at Canada Post is underpaid should rethink their position.
"0-30g $0.85 " is correct
"30.01-50g $1.20 , 50.01-100g $1.80 etc " NOT YET confirmed
information as of 2:45pm today when I discussed the subject face to face with the local postmaster (we just came back).
