Typically, a strike when a company is losing revenue is not a good idea. Canada Post will lose even more revenue, and according to what I read in other sources the corporation could run out of money by early 2025 (when I see "early 2025" I would think first quarter or April). Plus, Canada Post will be required to pay off a $500 million debt by July 2025. This screams bankruptcy in the making.
Canada Post is in dire straits, and from a recent article I read they are still negotiating, but the corporation realizes it is critical to get a deal reached soon or the company may end up going the way of Blockbuster Video in the new year.
Based on past history, strikes - without replacement workers - usually last no more than three months before they are financially impacted, after which the company has no choice other than to give in to many of the union's demands - but after this strike is over, there will likely be many post offices closing down and merged with postal outlets in bigger communities - but if any layoffs happen, it may be minimal to none. Or it may be significant. That probably won't be announced until 2 to 4 weeks after the workers return to work. There may also be reduced hours of operation for many post offices and postal outlets - possibly similar to the hours of teller service at many banks. Instead of operating from 9 to 5, it may end up becoming 10 to 3.
I also believe that, after the strike is over, there will likely be longer delays on parcels arriving due to the quality of service becoming worse. Before the strike, you would have a wait time of a few days or 2 to 3 weeks, but after the strike you may have to wait several months before your package arrives.
Canada Post is continuously negotiating because time is of the essence - not just due to the holiday season, but due to the company's financial health. It seems as if the corporation is trying to get a deal reached without cuts and layoffs, but closing down post offices and laying off workers is an absolute last resort. They may have to do that last resort by late January or February if the company is very close to running out of money.
The union is demanding a 24% pay hike over the four years of the agreement, and the company offered 11.5% percent over four years. I think the 24% figure is just a bargaining tool and really all they really want is midway between - about 17 percent. Another key issue at hand is the introduction of weekend delivery, which may lead to more frequent injuries. Once an agreement is reached, they may not get any pay hike for the first year of the agreement, but the pay hike will likely only be good for up to 36 months - should the strike end in late December or into the new year.
I do recall an article about Boeing company workers being on strike for seven weeks, and the workers were fighting for a 40% pay hike to cover the cost of living. The workers rejected two offers - with 30% and 35% pay hikes, but they settled on 38% pay hike plus a lump sum signing bonus of $12,000 - which, according to someone's math is equivalent to 40%. The union got what they fought for and they were immediately happy - but just after operations resumed, Boeing announced that 17,000 workers (not just striking workers) were receiving layoff notices. It turns out the offer was too good to be true for Boeing workers. It came back to bite the union in the end.
That said, I expect there will be thousands of jobs cut and/or post offices closing down and moving to bigger post offices after Canada Post ends their strike, but it may not be announced until a month afterwards.
A strike that lasts more than two weeks will usually mean bad news for the workers - whether job losses, consolidation, reduced work days, etc.
If the strike continues into the new year, it may likely be settled by February - due to the looming tax season by that point. Plus, most strikes that continue into the new year are usually settled by late January or early February - which is typically when strike season is over.