Auspost had once a week mail on table
Nine Media is reporting that national mail monopoly Australia Post was considering axing most of its mail delivery service, with a one day a week option on the table.
The radical plan, certain to antagonise the print and mail sector, came as the company looks at escalating losses from its mail business impacting across the company.
Letter volumes have plummeted since the GFC, last year they were 2 billion, which is around 55 per cent of the 2008 figure.
New CEO Christine Holgate led an internal review of the business, which according to Nine, was scathing in its assessment of how AusPost was managed.
AusPost forecast profits this year and next, while independent analysts PwC forecast losses in the hundreds of millions of dollars.
The AusPost review revealed that the top ten mail customers were responsible for 24 per cent of the volume, and all of them were looking to transition away from printed comms to one extent or another.