Canada Post is undergoing a significant restructuring, resulting in the layoff of nearly 50 managers, including cuts to senior executives. This decision comes after years of severe financial losses totaling over $3 billion since 2018. The layoffs account for a 20% reduction in senior management and aim to streamline processes and improve efficiency while preparing for a challenging year ahead. While the changes affect internal management only and won't impact public service directly, more layoffs might occur if financial troubles persist.
Hamilton stated, "It's a corporate-wide restructuring. It's an unfortunate reality based on the financial challenges we face, but it's also something that needs to be done."
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