Australia post chief’s $4.8m a year criticised

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The ACTU has slammed the almost $5 million salary being paid to Australia Post chief Ahmed Fahour as the government-owned company prepares to axe 900 staff.

The blast from the nation’s peak union body came amid a threat of industrial action in response to Australia Post’s confirmation on Tuesday of massive job cuts, the majority of which will be made at its headquarters in Melbourne over the next 12 months.

ACTU secretary Dave Oliver on Wednesday said the salary paid to Mr Fahour, a former National Australia Bank chief, is particularly extraordinary at a time when there are calls from business leaders and other high earners to lower wages and even drop the minimum wage.

‘Something is wrong when Australia Post chief Ahmed Fahour is paid millions a year but 900 workers, possibly more to come, are losing their jobs because of lack of profitability,’ Mr Oliver told AAP on Wednesday.

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