Small businesses urge end to Canada Post postal strike – October 22, 2018,

 

A fantastic article in my world was written by The Canadian Press this article can be read by clicking the link below:

Small businesses urge end to postal strike

In my opinion, the problem isn’t Canada Post, because Canada Post if stripped of it’s Crown Corporation would go bankrupt if it was mismanaged, the problem is CUPW lying to its workers that everything is ok at Canada Post. Things are not okay at Canada Post and if Canada Post could pay it’s workers more money it would, the problem that’s not being explained to current Canada Post employees is that Canada Post has a defined Pension Plan that all Canada Post employees need to familiarise themselves with. The link is provided below:

The Canada Post Defined benefit pension plan

What Canada Post employees need to understand is that the main reason Canada Post doesn’t want to give you a pay raise is that Defined Pensions are Pyramid/Ponzi schemes which are heavily dependent on new money in the form of profits coming in to pay for the Canada Post employees that are already retired.

So those Canada Post Employees who are working now are having a portion of their paychecks taken from them to pay for the retired Canada Post employees that are now retired. How do you know this well if you go on CPCPension.com it states the following:

The pension benefit does not depend on how much members contribute or how well pension fund investments perform.

Unless you believe in magic, you may want to question where Canada Post is getting the money to pay the currently retired Canada Post employees? As a person who invests in Canada, on paper Canada Post looks like a horrible investment. For a Crown Corporate company that makes so much money, their profit margins are very slim, and all one needs to do to figure out why profits are slim at Canada Post is to look at their growing pension liabilities.

How do you pay a former employee that’s currently not actively working for a company?

There are other Public Sector or quasi-public sector retired former employees whose pensions are dependent on the performance of the stock market, the reason why most Pensions are dependent on the stock market is that most Defined Pension Plans throughout history have gone bankrupt when profits from the company started to shrink.

Now to the displeasure of those of us in the Private Sector Canada Post has done all it could to pay all current employees of Canada Post as much money as possible, which is why their profit margins are thin in the first place, but guess what… If CUPW gets it wishes of demands Canada Post will be ever closer to losing more money than it makes, this is being accelerated by CUPW telling its workers to strike, small and medium-sized businesses like certainty, if you don’t understand what I mean consider Amazon Primes 2 business day shipping guarantee, imagine if you’re a business reliant on Canada Post to deliver your package in 2 days.

But because of Canada Post’s rotating strike your package arrives in 5 days, because of this, you get a negative review or negative reviews from your customers, what do you think those businesses will do? Might those companies do something similar to what Amazon did, which was to hire its own fleet of delivery personnel? Do you think the average small, medium or large business will stick around and wait for Canada Post or consider different options?

Small and medium-sized businesses are not the same as regular customers and I keep telling Canada Post employees that snail mail is in increasingly less demand in Canada and people with options will exercise those options which again will eat into Canada Posts profits and compromise your pensions. I’ve written a lot about Canada Post trying to warn its workers. It’s time Canada Post employees start questioning the decision making of CUPW, if you don’t simply put, many of you will have to learn things the hard way.

Interesting times ahead