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profit loss

Australia Post can adapt with sensible reform

Australia Post has announced a full year loss of $222 million for the 2014/15 Financial Year – the first such loss in thirty years.

CWU National Secretary, Greg Rayner said the announcement highlights the need for reform but that reform can be done sensibly and without forced job losses.

“It is abundantly clear that the letter side of the business cannot be profitable in its current form,” Mr Rayner said.

“The very encouraging part of these results is the parcel side of the business, which is a huge growth area and will see substantial jobs growth in coming years.

“Australia Post is in its 207th year - its history is one of change and adaptation.

“The digital disruption to letter volumes we are seeing now is nothing new to Australia Post.

“The company, its hardworking loyal staff and this union have adapted before and will adapt again.

“This Union was working with Australia Post when it was horses and carts – our members have transformed it from a network of telegraph wires to one of fibre optics and modern precision logistics.

“We are committed to partnering with Australia Post to transform the business again because that’s the only way to guarantee secure, quality jobs for our members and a reliable, useful service for all Australia.

Mr Rayner said with the right approach, these results and the reform they demand lay a path to more jobs, better conditions and more job security for postal workers.

“We have been at the table with Australia Post at the highest level for months now preparing a long term response to reform.

“In the coming weeks we hope to unveil an Accord to support our members and all Australia Post employees through reform and help guide Australia Post into the future,” Mr Rayner said.

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