18 December 2013
Canada Post in hot seat over changes
OTTAWA—Canada Post head Deepak Chopra will face MPs Wednesday afternoon at an emergency House of Commons transport committee meeting regarding proposed service cuts.

Also appearing at the Dec. 18 session will be reps from the Canadian Union of Postal Workers, the Conference Board of Canada, the Canadian Centre for Policy Alternatives, the Canadian Federation of Independent Business, and the C.D. Howe Institute.

The beleaguered Canada Post unveiled a heavily criticized five-point survival plan on Dec. 11 that included the elimination of home delivery within five years, the cutting of up to 8,000 jobs, more privatized postal stations, and a 35% raising of postal rates to roll out March. The ceasing of home delivery impacts around 5 million urban Canadians who will instead be shifted to community mailboxes.

After full implementation of all initiatives, the Crown corporation says it can achieve financial sustainability by 2019. "Four of the five initiatives are expected to generate financial benefits with an estimated combined worth of $700 million to $900 million per year," reads a release.
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