The Communication Workers Union (CWU) condemned the timing, calling it "immoral" and "tone deaf," as it coincides with the Horizon IT scandal inquiry. This scandal saw hundreds of sub-postmasters wrongly prosecuted over faulty software, echoing a demand for transparency and justice.
Post Office chairman Nigel Railton stressed the need for a "fresh start," with plans to invest £250 million annually in the network by 2030, contingent on government support to address competition challenges and technology issues.
The Post Office's potential closure of 115 Crown branches threatens about 1,000 jobs, highlighting pressing financial woes with losses of £81 million in 2022-23 and nearly half of their branches underperforming.
With bank closures rising in the UK, many communities rely on Post Offices for cash and banking services. If closures occur, rural and urban areas will suffer the most, as alternatives are limited.
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