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Has Canada Post "cooked the books"

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Has Canada Post "cooked the books"

Postby GrooveTunes » Nov 14th, 2012, 9:44 pm

Interesting that they can use an undisclosed amount in the 2011 financial statements while not paying one dime out in this settlement awarded to employees.

http://www.thestar.com/business/article/1287784--canada-post-union-still-locked-in-fight-after-supreme-court-ordered-pay-equity-payments
Last edited by GrooveTunes on Nov 15th, 2012, 9:22 am, edited 1 time in total.
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Re: Has Canada Post "cooked the books"

Postby French Castanut » Nov 15th, 2012, 9:20 am

I don't know why Canada is so late in regards to equity. 30 years :ohmygod: for some people that's a lifetime.

Quebec has a law that promotes equity. Not only promotes, you have to be equitable. No pity for corporations. WOuld never have taken 30 years to settle up a case like that. Interest would have been ruled by a judge as well.

Now what, they're gonna wait another 30 year for the payments?

and why calculate the 30 years b4 issuing payments... if you're done calculating the 1st 5 years, write a cheque. Done with the next 5 years, write another cheque... do like that until you're done calculating the 30 years. Then issue a lump sum interest payment. Don't take these people for hostage because you have only 60 people to verify 30,000 files.
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Re: Has Canada Post "cooked the books"

Postby GrooveTunes » Nov 15th, 2012, 9:32 am

The only thing CP cares about is showing a loss so they can raise rates, cut jobs,wages and benefits, and they have Harper and company stick their long noses (getting longer by the day) into collective bargaining.
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Re: Has Canada Post "cooked the books"

Postby French Castanut » Nov 15th, 2012, 9:39 am

The count is funny:

60 employees to verify 30,000 files

30,000 files X 26 annual pay check (bi-weekly pay) = 780,000

780,000 pay check X 30 years = 23,400,000

23,400,000 paycheck / 60 people to verify them = 390,000 paycheck each

390,000 paycheck to verify / 1 a minute = 390,000 minutes

390,000 minutes / 60 = 6500 hours

6500 hours / 7h shift = 928 days!!!!

928 days / 200 day a year worked = 4.64 years to verify the paychecks :dyinglaughing: :dyinglaughing: :dyinglaughing: :dyinglaughing:
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