Post Office could be set to close 115 branches putting 1000s of jobs at risk

The Post Office is expected to close 115 "loss-making" branches across the UK, putting over 1000 jobs at risk as part of a transformation plan.

A spokesperson indicated the plan aims to dramatically increase postmasters' share of revenues, strengthen the branch network, and ensure it works better for local communities.

The transformative approach includes creating a new operational model that aligns with business needs and seeks potential franchising arrangements to alleviate financial losses.

Consultations have taken place regarding the potential transfer of ownership of the network to local subpostmasters, highlighting a shift towards community-based management.

Read at www.newsshopper.co.uk