Mr. Russell MacLellan (Cape Breton-The Sydneys):
Mr. Speaker, the post office in Sydney is one of the most profitable in the country. Labour costs as a percentage of total revenues are 12.5 per cent of every dollar earned. If you exclude income from postage meters, priority post, and postal boxes, labour costs are still a very reasonable 45.8 per cent of every dollar earned.
Revenue projections for the current year are up by over $109,000 to $2,312,322. The people of Sydney have demonstrated their support for the Canada Post outlet by their utilization of this Canada Post outlet in the downtown area.
Yet despite all this good economic news, the Government through the Corporation is closing the downtown outlet and moving it to a low traffic area. The Government, with no regard for the workers, has plans to sell the Sydney post office to one of its corporate friends who will then reap the benefits of this very profitable operation.
Subtopic: CANADA POST CORPORATION
Sub-subtopic: NOVA SCOTIA-PROPOSED SALE OF SYDNEY POST OFFICE