More than 100 Post Office branches and some 1,000 jobs are at risk in a sweeping overhaul as the group looks to boost postmaster pay by £250m over five years.
The Post Office revealed it was looking to offload 115 directly owned branches within its 11,500 network, which could see them transferred to retail partners or postmasters, or potentially closed.
Around 1,000 workers are employed across the branches, while the Post Office also confirmed that hundreds of further roles are under threat at its headquarters as it looks to streamline backoffice operations. Post Office chair Nigel Railton said the shakeup will also offer a “new deal for postmasters” by increasing their share of revenue.
This story is from the November 14, 2024 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 14, 2024 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Zhao goes trophy hunting after match-fixing ban ends
When the main stage of the UK Championship - still widely considered snooker's second-biggest event after the World Championship - kicks off in York this afternoon, there will be an amateur player taking to the baize.
Wales look set for a biblical bashing against Springboks
Many a frustrated writer in search of a metaphor has plucked from the passages of 1 Samuel in the past but this week, the tale of David and Goliath feels apt.
Amorim lays down law as United begin new chapter
Ruben Amorim was running through Manchester United's recent managerial history.
Shame on PM for ignoring.lawyers' £4bn tax loophole
While most major employers were gnashing their teeth at the increase in their national insurance in the Budget, one group was celebrating.
Ofgem raises price cap as millions lose fuel payments
The energy price cap will increase in January for a second consecutive time, raising bills by 1.2 per cent as millions of people lose access to winter fuel payments.
'My father knew he was a target from the start but stayed to defend his people'
As pro-democracy media tycoon Jimmy Lai faces a potential life sentence in the high-stakes national security case in Hong Kong, his son Sebastien Lai has denounced the proceedings as a politically motivated \"show trial\" driven by a China-led crackdown on dissent politically motivated “show trial” driven by a China-led crackdown on dissent.
Meet Trump's second pick for attorney general top job
The incoming Trump administration didn't waste any time on Thursday after Matt Gaetz said that he was dropping his bid to become attorney general.
Judge postpones Trump's 'hush money' sentencing
The judge overseeing Donald Trump's historic hush money trail has postponed his sentencing indefinitely as he considers arguments from the president-elect's legal team to close the case.
McGregor raped woman in hotel, civil court jury finds
A woman who accused Irish mixed martial arts fighter Conor McGregor of raping her in a Dublin hotel six years ago has won her claim against him for damages in a High Court civil case.
Cop29 $250bn climate fund.offer dismissed as insulting
Hopes of a trillion-dollar climate finance fund appear to be slipping out of reach after a draft text at the COP29 climate summit proposed a deal worth only a fifth of that.
