Australia Post to open on Saturdays but jobs will go
POSTIES will not yet have to park up their bikes with Australia Post's 900 job cuts coming mostly from its Melbourne head office, not through sacking mailmen or retail staff.
These staff would be protected by the axe, although there may be some "small" impact on workers outside Victoria.
As part of the changes, post offices will now be open on Saturdays from November.
A restructure will put the StarTrack courier brand on all express parcels, while the Australia Post banner focuses more on retail.
Managing director Ahmed Fahour said while every job loss was "deeply regrettable", it had to keep up with fewer letters being sent and more competition.
"Postal businesses around the world are facing similar challenges," he said.
In 2012, the United States Postal Service announced it would cut 35,000 jobs as it shut down mail processing centres.
Only six months ago, Canada Mail cut 8000 jobs, ending mail delivery to urban areas.
Australia Post currently makes 11.2 million deliveries each day with the help of 32,000 staff to 4429 offices, including 2561 in rural and remote areas.
In its 2012-13 results, it announced profits of $311.9 million, up almost 11% on the year before.
At the same time, it lost $218.4 million as mail continued to be replaced online.
Earlier this week, Mr Fahour said within "a few years", the company would lose up to $1 billion annually as letters fall out of common use.