N.Z. Post to slash up to 2,000 jobs


New Zealand Post said Friday it will cut up to 2,000 jobs from its 10,500-strong workforce in a restructuring that Prime Minister John Key said is inevitable as mail volumes fall in the digital age.

The move comes after the state-owned service revealed last week that it will deliver letters only three days a week, as demand for “snail mail” declines at a rate of 8 percent per year.