Mail volumes have dropped considerably during the last 10 years, with 265 million fewer items being posted each year compared to 2002. And it is expected to keep dropping a further 25% in the next five years.
New Zealand Post chief executive Brian Roche said the company has no other choice.
"We're break even at the moment. We can't price our way out of this."
http://tvnz.co.nz/national-news/nz-...week-5328766