Canada Post has estimated the union's demands surrounding pensions and pay equity would cost $1 billion. CUPW president Mike Palecek repeatedly asked Canada Post officials to spell out how they arrived at the number, but was told to ask his negotiating team for a breakdown. He accused Canada Post of using "selective information," noting that the $1 billion estimate doesn't mention a decrease in labour costs. "What we are attempting to do is certainly recognize that the pension plan is important for our existing employees and retirees but try and address the long-term sustainability of the pension plan at the same time," Cheeseman said. Meanwhile, Canada Post CEO Deepak Chopra said he welcomes Ottawa's latest review of its operations, adding it will still be required to be financially sustainable.

Source: CBC News August 19, 2016 20:03 UTC