Canada Post decision means the job loss of 6,000 to 8,000 Positions

The global economy and our use of technology have many benefits.  But changes can also bring some startling consequences.  An example of this is the recent announcements of Canada Post that they are on track to change their mail delivery system in a major way.  No more mail service at your door, increased costs of using the mail system and most significant, the loss of 6,000 to 8,000 positions within the organization.

This kind of job loss can have a impact on our economy, but when the changes are made to an organization as widespread as Canada Post, they are also indicative of the way we do business.  The days of a paper mail system are nearing an end as we rely on email more and more.

But this increased use of technology as a way of communicating can have an effect on more jobs than just the mail system.  As we continue to use faster and more immediate forms of communication the number of employees needed to get work accomplished can decrease in many industries.

Job loss is one of the leading causes of bankruptcy in Canada.  Many Canadians struggle to maintain their household obligations, include their debt repayment, even while they are steadily employed.  When  job loss comes along, they find there is no way to maintain their debt and will seek assistance from a trustee to go over their options.

If you can see that you may be in jeopardy of downsizing in your current position, don’t wait until it happens to make those hard decisions for dealing with your debt.  When you are working there are more options available to you.  By working on your debt issues now, while you have employment income, you may be able to avoid a bankruptcy later should you find yourself out of work.

Review your financial picture to see the true cost of carrying your debt on a monthly basis.  Also, review your accounts to determine how long it will take to be debt free at your current rate of repayment.  Chances are you won’t like what you see.  Schedule yourself an appointment with a trusted advisor to go over your options.  Together, they can help you find a solution that will get you back in control of your finances.

By cleaning up your finances now, you are less vulnerable to changes in the work place in the future.  You should also consider ensuring that you are learning any new skills or technologies that are being introduced and utilized at your work place.  You may avoid downsizing if prove yourself to be a valuable member of the team.  By ensuring you have a plan of action for your debt troubles, you can better focus on your career.