Canada

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Canada Post is selling off its IT and logistics departments, a move business experts say is an essential first step in saving a Crown corporation that lost more than half a billion dollars in 2022.

"It was determined the current shared-service model was not providing the speed and agility needed to compete today and in the future," said a statement from Canada Post.

"The plan positions the company for growth in Canada's e-commerce market while delivering on its core mandate of providing reliable delivery of mail, packages and parcels to every Canadian address."

Postal Service's example and work with major logistics companies to cover "the last mile" — the final part of a package's journey, which accounts for more than half of delivery costs.

"CUPW has been advocating for a comprehensive plan which would work to ensure the future financial sustainability of Canada Post by expanding services," spokesperson Siân Griffiths wrote in an email.

But Nita Chhinzer, a human resources expert in downsizing and a professor at the University of Guelph, said Canada Post needs to focus on its core services.

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