Newspaper article The Canadian Press

Canada Post Workers Make New Proposal and Hold off on Strike Notice

Newspaper article The Canadian Press

Canada Post Workers Make New Proposal and Hold off on Strike Notice

Article excerpt

Canada Post disappointed in union proposal

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The union representing postal workers says it has presented Canada Post with new offers, and workers won't be striking before Wednesday at the earliest.

The Canadian Union of Postal Workers must give 72 hours notice of any job action by its 50,000 members and it hasn't done so.

Canada Post is also allowed to lock out its workers but it also hasn't served notice of a lockout.

The two sides both say the number one sticking point in negotiations involves changes to employee pension plans.

Canada Post made new contract proposals a week ago, and on Friday, the union came forward with a counter-offer.

The union is proposing wage hikes, and rejecting Canada Post's suggestion that new employees get a pension plan that operates like an RRSP, called defined contribution, instead of the defined benefit plan for current employees that guarantees a set level of retirement benefits. …

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