on 12-03-2015 01:49 PM
As Australia Post faces its first full-year loss in 30 years, there are calls for its chief executive Ahmed Fahour to stand down.
This comes as the Abbott government is expected to announce a reform package – within weeks – designed to help arrest the falling financial performance of Australia Post, which on Monday announced a 56 per cent drop in half-yearly profit.
The nation’s postal service recorded a first-half profit of just $98 million, with the dive driven by mounting losses of $151 million in its letters business.
“We’re at a crisis point,” Mr Fahour told Fairfax Radio.
With the proposed reforms, Australians could face exorbitant postal costs and slower mail.
Mr Fahour, whose annual salary is $4.8 million, says this would counter the financial issues.
The US Postmaster General’s wage is a mere $511,000.
Printing Industries Association of Australia chief executive Bill Healey, who is part of the industry union, doubts Mr Fahour’s ability as Australia Post’s top dog.
“I think you have to question whether a banker who has been second in charge at major bank, is the best person for the job at a customer and logistics service,” Mr Healey told The New Daily.
“It’s not up to us as a group to question when the government appoints these positions – but it may be time for someone with a different approach and a different background to try and take charge.”
Meanwhile, Australian senators this week criticised Mr Fahour’s company’s handling of stakeholder consultation as it undergoes major restructuring in the Senate estimates.
If postage keeps going up, like $1 for a postage stamp, how will it affect parcel post and those with online business?
on 12-03-2015 02:54 PM
on 12-03-2015 02:55 PM
Well Am-im thinking a donation to the Childrens Hospital
or the Salvos would benefit all folk and not a select few..............................Richo.
on 12-03-2015 02:56 PM
Abbott's budgie has escaped.
Can you hear it?
repeat, repeat.
on 12-03-2015 02:57 PM
12-03-2015 02:59 PM - edited 12-03-2015 03:01 PM
@serendipityricho wrote:Well Am-im thinking a donation to the Childrens Hospital
or the Salvos would benefit all folk and not a select few..............................Richo.
If you (or me) had a substantial amount of money to donate, wouldn't you want to choose who it went to?
I really don't see how anyone has the right to criticise ( or anyone else's business) who a person chooses to donate large amounts of money to. He/his family have already donated large amounts to other groups as well.
The fact that they do donate large amounts of their earnings deserves KUDOS.
on 12-03-2015 03:02 PM
on 12-03-2015 03:04 PM
The main problem with Aust Post ( and other postal services around the world) is the sharp and ever decreasing decline in the number of letters sent. (due to email,scanned docs sent by email etc.)
AP need Govt approval to change things.
on 12-03-2015 03:06 PM
on 12-03-2015 03:07 PM
@donnashuggy wrote:All I want is tracking on my parcels but even that is too much to ask
When a tracked parcel goes awol and never delivered to recipient, because parcel wasn't scanned at a point on its journey, AP says - too bad, nothing we can do. Sender pays extra for tracking they should get tracking!
on 12-03-2015 03:07 PM
Am-from your last post-now i remember why i just read the political
threads and not post much..............................................Richo.