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Canada Post has submitted its plan to the federal government to transform its struggling business model into a financially sustainable postal service.
Procurement Minister Joel Lightbound unveiled a package of changes to the postal service's mandate in late September and gave the Crown corporation 45 days to develop a plan to correct the situation.
These changes included adjusting mail delivery standards, expanding public mailboxes to more Canadians, and ending the moratorium on rural post office closures.
Canada Post confirmed Monday it submitted the plan to Lightbound late last week, but the post office said in a news release it would only share details of the proposal once it receives approval from Ottawa.
Laurent de Casanove, Lightbound's communications director, confirmed in an email that the minister had received the plan and was “carefully studying it.”
Canada Post CEO Doug Ettinger said in a statement that the plan will modernize the post office while protecting the services Canadians rely on.
“Canadians deserve a postal service that is strong, stable and focused on meeting their changing needs, and we are focused on that,” he said.
Efforts to turn around Canada Post's struggling business come as the company continues a collective bargaining saga with its largest union, which remains on strike ahead of the busy holiday season.
