This crisis is a question that canadasmodernpost has been tracking since 2010. There are five reasons that Canada Post has been in a financial precarious state since 2008.
1. An Ill-Fated Business Decision
The financial consequences of a poorly-planned and implemented postal transformation in 2008 have returned to haunt them. Today’s crisis is a masking of an old wound resurfacing. The crisis began in the boardroom in 2006 under the reign of Moya Greene, the former leader of Canada Post.
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