Canada Post has dropped its threat to lock workers out if no deal is reached by midnight eastern tonight.
The 50,000 employees of the Canadian Union of Postal Workers have been without a contract since the beginning of the year, and have been locked in bitter negotiations with the crown corporation.
The key sticking points are over pensions and pay equity between urban and rural posties.
Canada Post wants to move towards a defined contributions pension, where where what employees pay in is set, but pay out depends on market performance. Posties want to keep the defined benefits model in which pension payments are guaranteed.
The union also says rural postal workers are paid significantly less than their urban counterparts.
Last week, Canada Post issued 72 hour lockout notice to posties, but then extended that deadline until the end of today.
That deadline has now been pushed again, however it’s not clear until when.
Canada Post had also agreed to a 30-day cooling off period, provided postal workers would agree to binding arbitration if no deal was cut in that time, an offer the union rejected.
CUPW released a statement Sunday reaffirming its opposition to arbitration, writing “[we] fought against the unfair and unconstitutional legislation that took away our right to free negotiations in 2011 and we won. Why would we give up that right?”
The looming job action has been a major headache for businesses that rely on shipping, who fear they’ll be forced to rely on private couriers and swallow the increased cost.