Dear Editor:
It appears that the Canada Post corporation is in a bit of a “pickle”. And sadly, it seems many employees could be losing their jobs over this.
So, let me get this right. Canada Post is a “Crown” corporation. If so this means it is run by or supervised by the federal government.
As I have had some background in how a very successful company works, let me see here … who exactly is the CEO of said company? Who is their accountant? As in, their chief financial officer?
I suppose it is possible these upper management positions have changed hands through the years. But, just say for instance, you or I were running a large corporation of this nature, a Canada-wide company.
It would be troublesome, to say the very least, if at the end of each month you took a look at the financial report only to discover that you were losing money and not even breaking even. And, at year end, oops, getting deeper in debt. Now, that would send up a red flag for certain. And yes, cause heart palpitations for sure!
Liz Hughes,
Puslinch
*Editor’s note: Crown corporations such as Canada Post, while owned by the federal government, operate independently and are structured like a private company.