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Australia Post reports $200m annual loss, its first since 2015, amid push to close city branches
(www.theguardian.com)
this post was submitted on 31 Aug 2023
34 points (100.0% liked)
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This is the best summary I could come up with:
After recording a profit before tax of just $23.6m for the six months to 31 December, the chief executive, Paul Graham, had warned in February that Australia Post will report a loss this year for the first time since 2015.
These include reducing letter frequency and closing some full-service post offices in metro areas while allowing more self-service options such as parcel lockers.
The communications minister, Michelle Rowland, said “Australia Post is a cherished national and publicly-owned institution” facing “significant structural headwinds”.
“The Albanese government is committed to supporting Australia Post modernise so that it can continue delivering the essential services consumers and small businesses rely on to stay connected,” she said.
The Liberal MP Keith Wolahan, who is campaigning against closures in the eastern suburbs of Melbourne, warned that “Australia Post is about more than letters and parcels”.
The independent senator David Pocock agreed that post offices serve a “very important purpose”, including providing banking services and getting photos for ID.
The original article contains 850 words, the summary contains 162 words. Saved 81%. I'm a bot and I'm open source!