Reforms by international mail carriers could help Canada Post navigate challenges [Yahoo! Finance Canada]
ROYAL MAIL PLC UNSP/ADR (ROYMY)
NASDAQ:AMEX Investor Relations:
royalmailgroup.com/investor-centre
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Source: Yahoo! Finance Canada
The changes, ranging from the demise of door-to-door service to a slowdown of some deliveries, are expected to save the Crown corporation millions of dollars annually. Unionized workers, who began a weeks-long national strike that has since transitioned to rotating stoppages, said it represented an "attack" on their jobs. Some Canadians expressed frustration over eventual reduced service, while others complained their tax dollars shouldn't help an outdated operation stay afloat at all. The events raise questions over the future of the century-and-a-half-old institution and what form it will need to take in an era where digitization and private competitors threaten its survival. Some experts say the mail carrier could look to the experiences of its international peers such as the United States Postal Service or the U.K.'s Royal Mail, among others. The U.S. counterpart is the best comparator to Canada Post, given the challenges it faces and what solutions it has explored, said
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