Not much to be said about the inevitable.
That’s a 10% increase for a huge reduction of service in recent years, perpetual immunity from any ownership or accountability and the apparent inability - after 210 years in the business - to reliably deliver … and that’s just the headlines.
Not a fan.
The draft " ACCC’s view on Australia Post’s draft price notification" makes for some interesting reading.
It almost seems like the government watchdog taking care of a government business …
Which leads me to think the planet will be a ball of flame before Australia Post catches the countries mentioned.
Is this the only reason it has not been sold off like nearly every other nationally owned public enterprise?
Are the ongoing cost increases pursuit of a mythical positive cash flow that might encourage divestment?
We currently trust foreign companies to handle our internet, deliver many of our online services and handle valuable home deliveries. Why not the mail?
Probably - with their reputation, who’d want to buy?
They seem to struggle even inside a legislated monopoly - I hate to think what would happen if they had to actually compete on a level playing field … probably safer to disband them and start again
A basic flow chart for Aust Post:-
the more the senior executives get paid, the less staff there are;
the less staff there are, the worse the service;
the worse the service, the more AP charges;
the more AP charges, the less people use AP;
the less people use AP, the more they pay the senior executives to fix it up;
(go to the top of the loop and restart.)