April 24, 2007 07:46 ET

Canada Post Announces New Four-Year Agreement with the Canadian Union of Postal Workers

OTTAWA, ONTARIO--(CCNMatthews - April 24, 2007) - Canada Post is pleased to announce it has successfully negotiated a new four-year collective agreement with its largest bargaining agent, the Canadian Union of Postal Workers (CUPW). The new agreement will be in place until January 31, 2011.

There are approximately 50,000 employees represented by CUPW who are responsible for the collection, processing and delivery of mail in mostly urban centres across the country. A separate bargaining unit is responsible for delivery in rural Canada.

"This negotiated agreement exemplifies the strong commitment of Canada Post and its thousands of employees across the country to ensuring our customers and all Canadians continue to receive the highest possible level of service," said Moya Greene, President and CEO.

Ms Greene also recognized the professional and business-like approach adopted by the negotiating teams throughout the bargaining process.

"This allowed the parties to focus on fairness and respect for employees while also recognizing the essential need to look after the interests of customers," she said. "The new agreement signals the determination of Canada Post and our dedicated workforce to move forward together to take on the very real competitive challenges of the marketplace."

The new agreement, replacing the one that expired January 31, 2007, provides a wide range of improvements in compensation and working conditions while helping the Corporation to better manage benefit costs for the future.

The Canada Post Group of Companies is a key enabler of the Canadian economy. We deliver more than 40 million messages, pieces of mail and parcels every business day. Our 72,000 employees and 6,600 post offices, as well as the 14 million physical addresses we serve, are each a key link in our network that connects Canadian businesses and consumers from coast to coast to coast.

The tentative agreement was reached February 8 and was ratified during voting by the union membership that concluded April 22, 2007.

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    Media Relations