Yet another Australia Post franchised Post Office closes its doors. Banana Post Office closed its doors despite giving Australia Post 3 months notice to find a replacement franchisee.  Australia Post franchisees have been warning for several years that they are struggling and their businesses are becoming less and less viable.  Senator Nick Xenophon has been trying to investigate their plight and has run a Senate inquiry.

However while Australia Post cuts staff, and screws its franchisees, the CEO of Australia Post receives an annual salary of $4.8 million dollars, and earns 10 times the salary of the CEO of USPS (United States Postal Service).

Yet another post office closes, this time Banana Post Office.

Yet another post office closes, this time Banana Post Office.