Government rules out Australia Post sale, for now

Aus_Post_Logo_oldtextThe government has ruled out selling Australia Post for now, but says the future of our mail service is uncertain due to dwindling demand.

There are reports Australia Post is set to cut 900 jobs, as it tries to avoid losing billions of dollars under its current business plan.

Its 32,000 staff are expected to be informed of the cuts as early as Tuesday, with most positions to go in Sydney and Melbourne.

Everyday home delivery of standard-priced mail is expected to be another casualty, with the service to be cut back to two or three times a week providing approval can be sought to change government regulations.

Read more: Govt rules out Aust Post sale, for now.