From the SMH this won’t improve the mood any:
Australia Post will slash almost 2000 jobs over the next three years as it wrestles with diving volumes of letters.
The ABC reports that Australia Post has confirmed losses in its mail delivery business are approaching $500 million this financial year.
“We have reached the tipping point that we have been warning about where, without reform, the business becomes unsustainable,” Australia Post managing director Ahmed Fahour told the ABC.
“We welcomed the Federal Government’s decision to support reform so we can manage the mail service losses, meet the changing needs of our customers and continue to invest in growing parts of our business such as parcels and trusted services.”
Mr Fahour said there would be no change to postal deliveries five days a week.
Expect this bleed to run on and on. The plan to save Aussie Post is woefully misconceived. Raising prices and cutting staff to push back digital disruption will only lead to less people using the service, requiring higher prices and less staff, all the way to oblivion.
