Canada Post's latest offer to the union representing 55,000 striking postal workers includes a number of measures from its last offer — while removing a signing bonus the corporation says it can no longer afford.

"Due to the company's deteriorating financial situation, a signing bonus for employees is no longer on the table," Canada Post said in a statement Friday.

This new offer will "enable the company's modernization" while "maintaining good jobs and benefits for employees over the long term," it said.

Advertisement

Advertisement

Advertisement

Advertisement

The Crown corporation said its offer to the Canadian Union of Postal Workers (CUPW) contains many provisions from its May "final offer," including a 13.59 per cent wage increase over four years, health and retirement benefits

See Full Page