The Post Office says it plans to close 115 branches, putting around 2,000 jobs at risk, as part of plans to increase postal workers' pay by £250m over the next five years.
The Post Office confirmed on Wednesday that it was looking to abolish the 115 branches it currently centrally owns, known as Crown Post Offices, but said it planned to maintain a network of 11,500 branches across the UK. Ta.
The plan comes against the backdrop of a public inquiry into the Horizon IT scandal, said to be one of the worst miscarriages of justice in British history.
The move will put about 1,000 jobs at risk, but the Post Office expects all branches to be refranchised to new owners over the next five years.
Around 2,000 branches are operated by partners such as Tesco, WHSmith and Morrisons, and around 9,000 branches are operated by independent postmasters who have contracts with the Post Office.
The Post Office is also proceeding with the “rationalization'' of its central operations, and there are speculations that this will result in an additional 1,000 job cuts.
The plan also includes increasing post office branch managers' remuneration by £250m a year by 2030, with up to £120m of additional remuneration by the end of the first year of the five-year plan. will be obtained, and the revenue share will increase by 30%.
“The Post Office has a 360-year history of public service, and today we want to future-proof that service by learning from past mistakes and moving forward for the benefit of all postmasters. '' said Post Office Director Nigel Railton. . “We can and will restore the pride of working at a company with a tradition of service, not scandal.”
Details will be announced later.
