OTTAWA - The CEO of Canada Post says the company expects to lose up to 30,000 employees to retirement or voluntary departure over the next decade as the Crown corporation looks to shrinks its workforce and modernize the service.

CEO Doug Ettinger told Canada Post’s annual meeting today that the company will use “attrition first” to downsize from the roughly 62,000 employees it had at the end of last year.

Canada Post chief financial officer Rindala El-Hage said earlier in the meeting the corporation is “effectively insolvent,” with losses in the first nine months of the year topping $1 billion — $239 million more than the loss posted in the same period in 2024.

The Crown corporation has relied on nearly a billion dollars in loans from the federal government to remain afloat so far this

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