Business
AusPost execs may still get $7m in bonuses despite promising to take paycut – Sydney Morning Herald
Australia Post’s top executives could still share in millions of dollars in bonuses this year despite offering to forgo their right to the special payments.
AusPost was given temporary permission by the federal government in April to move to every second day delivery of mail in metro areas until June 30 next year, as part of a broader movement within the postal service to cut costs.
It issued warnings this week of major delays to Father’s Day mail deliveries amid constraints on the network and a continuing rise in parcel volumes affecting its “speed and ability to deliver”.
Ms Holgate said in an email to staff on March 31 that the executive team a…
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