Relevant offers
World
Christmas is always the hardest time of year for Australia Post - last year was its busiest ever thanks to the boom in online shopping.
As a result, staff are grateful for the modest bonus they usually receive when the government-owned business turns a profit. Last year, they got A$500 ($628) after Australia Post turned a A$241 million profit.
It was, chief executive Ahmed Fahour said, "a gesture of goodwill in recognition of employee performance".
This year, with a thumping profit of A$281m, staff expected something similar.
Instead the Communications Workers Union has branded Mr Fahour a Christmas Grinch, after he decreed the staff bonus would be a A$100 voucher - to be spent at Australia Post stores.
Adding insult to injury, full-time staff will also get in the mail 100 60¢ stamps (part-timers will miss out). The vouchers and stamps will, Mr Fahour said in a briefing to staff, begin arriving in the mail this week.
The Communications Workers Union said this year's Christmas bonus was a stark contrast to Fahour's own salary. He received A$2.77m last financial year, of which A$874,000 was a cash incentive payment. This incentive payment is, the union argues, a rather large bonus.
Asked about this year's bonus payment to staff, Australia Post's general manager of external affairs, Jane McMillan, said that while Australia Post had delivered strong results, "the outlook for the business remains challenging".
"Continued mail volume decline and the need to invest A$2 billion in our parcels and retail network means we will continue to keep our costs constrained," she said.
Joan Doyle, a state secretary of the Communication Workers Union's postal branch, said Fahour's bonus had increased by a third last financial year. Meanwhile, the Christmas bonus decided on for all of his staff would fall, in some cases by 80 per cent this year, Doyle said.
"Mr Fahour doesn't mind calling on our members to work harder and longer every year but when it comes to rewarding them he turns into the Christmas Grinch," Doyle said.
She said it was a "slap in the face" to Australia Post staff who were working their hardest in the lead-up to Christmas to not have this year's profit result recognised as it had been in previous years.
- (Live Matches)
Sponsored links
Sir Don McKinnon takes top award
China agrees to release NZ meat
Jail for former Dominion Finance CEO
Shill bidding had over 100 victims
Xero annual loss in line with forecast
Govt approves West Coast mining land access
Air New Zealand flew shark fins
Coromandel agent fined over forgery
Voluntary cheese slice product recall
HP turnaround plan shows signs of success
Fronde taps sweet spot to double profit
Ford confirms Australian plant closures
Air New Zealand flew shark fins
District Health Board's website hacked
Graham Henry officially sanctioned over comments
Judge blasts herbal drugs as 'huge problem'
Govt approves West Coast mining land access
Sir Don McKinnon takes top award
Coromandel agent fined over forgery
Voluntary cheese slice product recall
KiwiRail introduces random drug tests
Warning skiers may bypass Chch
All Black Franks ruled out by Crusaders
Everest's Hillary Step a 'chaotic mess'
South London attack a possible terrorism act
Enraged pupil prompts school to seek police help
Shoplifter nicked without knickers
Elderly woman 'abandoned' on couch
Everest's Hillary Step a 'chaotic mess'
'Fake' hammed-up wedding photo real
Best & worst of the fest: Day eight
