Managerial, administrative and support staff will bear the brunt of redundancies with most of the job losses to come from the postal service's head office in Melbourne.
Australia Post CEO Ahmed Fahour on Tuesday said the cuts, while regrettable, were necessary for the postal service to remain sustainable with fewer letters and more parcels being delivered.
The savings from the job cuts will be less than the cost of its new services like extended trading hours and Saturday deliveries.
"By making these changes now, we can minimise the impact for our people, our broader workforce, our business and the community," Mr Fahour said in a statement on Tuesday.
The businesses need regulatory change otherwise pressure on the business and its workforce will be worse.
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