eBay

icyfroth · ‎12-03-2015

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.

Entire Article Here

If postage keeps going up, like $1 for a postage stamp, how will it affect parcel post and those with online business?

serendipityricho · ‎12-03-2015

Easy Glee-if the sisterhood leave me alone-

i will go back too-not posting on political threads........................Richo........

vicr3000 · ‎12-03-2015

@gleee58 wrote:
@vicr3000 wrote:

Got you going though, didn't it LOL

Not likely, little boy.

Not big enough for yours ?

donnashuggy · ‎12-03-2015

@serendipityricho wrote:
Glee-was no snide remark in my post-and i dont need my name printed in red
from a post i had nothing to do with.

Am have you or anyone you know ever visited the..islamic museum
or plan to---i havent and think most of the public-wont bother,
It was a donation to big note himself to his ethnic community..........................................Richo...

Why is it different to anyone big noting to their choice? His money his choice is what I think and I think he is a lousy CEO lol

Look at what the Catholics and Jews do with their money

gleee58 · ‎12-03-2015

@serendipityricho wrote:
Easy Glee-if the sisterhood leave me alone-
i will go back too-not posting on political threads........................Richo........

Huh? Sorry I offended. That was an apology in that last post. Please don't bailout on my account.

What sisterhood?

the_great_she_elephant · ‎12-03-2015

So are we going to sack him because AP are in the poo or because he donates part of his salary to an islamic Museum?

Make your minds up, folks because they are two separate and unrelated issues

cherry*135 · ‎12-03-2015

Am have you or anyone you know ever visited the..islamic museum

or plan to---i havent and think most of the public-wont bother,

It was a donation to big note himself to his ethnic community......

The Islamic Museum is not in my area. I may very well visit it if I was in the vicinity.

I am sure his community (and his family) appreciated the private donation for the Museum.

Are you still ignoring the info that he/his family have previously donated large amounts of their own money to other groups as well (schools, sporting clubs, the arts...)?

June 2014

The founder and director of the museum is former Macquarie Bank executive Moustafa Fahour - Ahmed Fahour’s brother. Moustafa’s wife, Maysaa, is the chairwoman and director.

The Fahours’ sister, MasterChef participant Samira El Khafir, is head chef and manages the cafe on site.

Last Saturday, Mr Fahour, a director of Carlton Football Club, won a car in a raffle for the club’s 150th anniversary.

He immediately handed it over for auction, where it raised $40,000, to be spent on a program which helps children from ethnic backgrounds with health and education.

cherry*135 · ‎12-03-2015

@the_great_she_elephant wrote:
So are we going to sack him because AP are in the poo or because he donates part of his salary to an islamic Museum?
Make your minds up, folks because they are two separate and unrelated issues

The donation to Islamic Museum (or mosque as it was first referred to in this thread)has nothing to do with the performance of the CEO of Aust Post.

Technology is the main cause of reduction in number of letters being sent and big losses for AP. No matter who was the CEO of Aust Post in the last year or so, they would have come across the same problem.

AP needs reforming (letter service they have to provide), cue Govt intervention needed.

li.vish · ‎12-03-2015

Hello, everyone. This thread is getting a little off-topic. Could we please bring the discussion back to "Calls For Auspost Boss To Get Sack". Thanks!

cherry*135 · ‎12-03-2015

4 March

Abbott government approves sweeping Australia Post changes, price rises

Cabinet has approved a proposal by Communications Minister Malcolm Turnbull to introduce a two-tiered pricing scheme for letter deliveries that is expected to see basic stamp prices increase to $1.

The reforms will allow Australia Post to introduce a "regular" and "priority" letters service. Letters sent with a "regular" stamp will arrive an average of two days later than they do currently, with mail within metropolitan areas arriving a day later than the current timetable.

Australia Post was expected to apply to the Australian Competition and Consumer Commission to increase the cost of a "regular" stamp from 70 cents to $1 when the new regulations come into effect.

Safeguards will be put in place so that prices remain frozen at current levels for concession card holders, including pensioners. And Christmas cards could still be sent with a 65 cent stamp, Australia Post chief executive Ahmed Fahour said at a press conference in Melbourne on Tuesday.

"These reforms mean we will be able to reduce our losses in the letters business and we will be aiming to get it back to break-even," Mr Fahour said.

...Mr Fahour also defended his salary of $4.6 million a year - the highest paid public servant in Australia - saying 75 per cent of Australia Post's activity was commercial logistics and it was a "highly successful business". The latest annual report revealed 409 managers and executives at Australia Post were earning more than $195,000 a year.

The new regulations do not require changes to legislation but can be disallowed by the Senate.