Thursday, August 28, 2014

CANADA POST STEALS COLONEL SAUNDERS SECRET RECIPE !

The headline:
Canada Post segment reports $53-million profit before tax in second quarter
The small print:
Year-to-date, the net reduction in employee benefit costs is $113 million when compared to the same period in 2013.

2 comments:

  1. So, in other words, the current high stock prices has temporarily masked the problems with unfunded pension liabilities.This pension liability is not just a problem at Canada Post. The federal government has billions of dollars of liability to federal emplyees that does not show up as part of the official national debt.Taxpayers will get screwed over again to cover it.



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  2. Community mail-boxes are replacing $75K per year letter-carriers community by community.

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