The Post Office could be set to close 115 "loss-making" branches across the UK putting more than 1000 jobs at risk.
Post Office chairman Nigel Railton is expected to set out a “transformation plan” on Wednesday (November 13) to postmasters, retail partners and staff.
This new plan will aim to fix the company's finances.
Post Office set to close 115 branches across the UK
The new transformation plan is set to include details on the closure of 115 "loss-making" branches across the UK, Sky News reported, which would result in the loss of more than 1000 jobs.
Post Office to set out plans for branch closures and job cuts
— Sky News (@SkyNews) November 12, 2024
Read more🔗https://t.co/oG0XwrIxaP
The Post Office network includes 11,500 branches across the UK, 115 of which are Crown Post Offices located in city centres and staffed by Post Office employees.
It will seek to close those branches or seek alternative franchising arrangements in a bid to cut financial losses in the long-term, according to Sky News.
A Post Office spokesperson said the new plan, which follows a strategic review earlier this year, will “dramatically increase postmasters’ share of revenues, strengthen our branch network and make it work better for local communities, independent postmasters and our partners who own and operate branches”.
business that means ensuring the Post Office has the right organisational design.”
The spokesperson added: “The plan intends to create a new operating model for theThe government is also said to have been consulted on the possibility of handing ownership of the network to thousands of subpostmasters across the country.
RECOMMENDED READING:
- Direct Line Group reveals plans to axe around 550 jobs amid cost cuts
- TGI Fridays to close 35 UK restaurants with more than 1,000 staff to lose jobs
- Krispy Kreme giving away more than 20,000 free doughnuts this week
A spokesperson for the Department for Business and Trade said: “Post Offices are an integral part of the communities they serve and the services they provide for local people.
“The Government is in active discussion with Nigel Railton on his plans to put postmasters at the centre of the organisation and strengthen the Post Office network for its long-term future.”
Retail partners of the Post Office, such as WH Smith, Tesco, Morrisons and the Co-Op, operate 2,000 Post Offices across the country.
The rest of the network – around 9,000 Post Offices – are operated by independent postmasters.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here