Australia Post is next in line!
In today's SMH:
Australia Post, which last week announced 900 job losses, is lobbying the government to remove rules requiring the company to offer a uniform rate for standard letter deliveries and to deliver mail five days a week to 98 per cent of the population. It is pushing for regulatory change by the end of the year on the grounds that plummeting letter revenues make the situation an urgent one.
Australia Post believes the reforms will allow its regulated mail business, which lost $218 million last year, to approach a break-even point over the long term.
The push will gather pace next week when the government tables the executive summary of a
Boston Consulting Group report into Australia Post's financial state. It is understood the review will validate Australia Post's projections of rapidly accelerating letter losses and will back the introduction of three-day-a-week letter deliveries and two-tiered pricing.
Read more:
Australia Post deliveries could be reduced to three a week by end of year
I'm sure BCG can turn Australia Post into an "amaaaazing business" too!
