Australia Post’s boss has warned that the national mail service is at the crossroad as it faces the technology revolutions, saying changes are needed for the struggling service to survive.
Chief Executive Paul Graham on Thursday gave a frank assessment about the organisation’s financial situation, which posted a $169 million loss this financial year alone. The service also announced last week 400 jobs were set to be axed by the end of the financial year.
“The bottom line is this: We are spending more and more money to deliver fewer and fewer letters,” he told the American Chamber of Commerce in Melbourne….