Australia Post boss Christine Holgate could still get her bonus despite a March offer to reject it.Credit:Alex Ellinghausen
Chief executive Christine Holgate announced to staff in late March that senior management would take 20 per cent pay cuts and waive their right to bonuses as it looked to slashed its costs amid the COVID-19 pandemic.
Ms Holgate,who was paid $2.5 million last year as the nation's highest earning civil servant,is estimated to be in line for a $1 million-plus bonus while other executives could take home up to $600,000.
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.
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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 and board was"all doing their share"to assist the publicly-owned entity's financial situation,with the combination of both measures to effectively reduce potential earnings in this period by more than 50 per cent.
"We are in this together,"she said.