Post Office to shed 5,000 jobs

The Post Office is to shed 5,000 jobs in order to turn last
year’s net loss of £264 million into a profit of £300 million within three
years according to the chief executive John Roberts.

A spokesman for the Post Office, which will become Consignia
plc next week, said the job cuts would not be achieved through redundancies but
by natural wastage.

She commented, “We are talking to unions to try and improve
productivity. Staff turnover a year is about 6,000 and we will be trying to achieve
any job cuts gradually.”

By Ben Willmott



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