By The Canadian Press

Postal workers reject arbitration proposal

Jul 7, 2016 | 6:14 AM

OTTAWA — The union representing some 50,000 postal workers says it’s rejecting a proposal to undergo binding arbitration in its labour dispute with Canada Post.

In a statement released Thursday morning, the Canadian Union of Postal Workers says it is refusing arbitration as a “matter of principle” and hopes to reach a negotiated settlement.

Canada Post said Wednesday it would extend its lockout notice to Monday at 12:01 a.m. ET and would be willing to submit to arbitration in an effort to resolve the ongoing dispute.

The deadline had initially been set for Friday.

Canada Post and the union remain at loggerheads on CUPW’s request for wage increases for rural mail carriers and the pension changes Canada Post says it needs to reduce costs.

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However, there are no talks planned and Canada Post spokesman Jon Hamilton said earlier Wednesday the two sides couldn’t be further apart.

The Canadian Press

©2016 The Canadian Press