While conveniently out of the country schmoozing with world bank officials like Lagarde in France, 900 jobs losses are announced for the future of Australia Post.
Australia Post has had quite a shifting market place in the last decade, competing with paperless technology like email leading to lower letter volumes. At the same time larger parcel volume from online stores have greatly increased. Perhaps there has been a failure in senior management to capitalize on this trend and capture this burgeoning market. As always failures at top lead to job losses all the way to the bottom. Another cost of Tony Abbott and his slash and burn mentality.