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Australia Post’s bonus U-turn fails to deliver positive sentiment

It has been a monumental year for Australia Post with FY20 group revenue reaching a record $7.5 billion, fuelled by a surge in online shopping due to the pandemic. However, parcel delays and ill will over requests for staff overtime are causing continued headaches for the business. In recent weeks, the board of Australia Post made the decision to scrap bonus payments for its executive team – expected to be in the region of $7 million – after facing backlash over asking staff to volunteer the