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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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It's a "self funded government business enterprise" which IMO means it's not private and it's still appropriate to say that it's turned a loss, given that the expectation is for it to be self-funded.
Post is an essential service but it's becoming less essential as time goes by. Perhaps it's essential that I have the capacity to receive letters, but I don't remember the last time I received a letter of any import.
Presently it's only a $200m loss or cost but the article discusses the forecast increases. I think it's natural and healthy to have a conversation about what service delivery can be altered to preserve benefits for the most people while reducing costs.