1 week Ago
The Post Office has revealed plans to hand over its remaining directly-owned branches to franchisees by the autumn. It confirmed that it is offloading 108 crown branches, which are currently directly owned and run by the company. The process could see the sites taken over by other businesses, while others could face closure as franchises are moved to different premises.
The move is part of efforts by the Post Office to generate cash to help it increase pay for postmasters. Around 1,000 workers are employed across the branches, with . Here are all the Post Office branches that will be affected, according to PA: The Post Office said the plan, which is subject to Government funding, will help it to increase postmaster remuneration by an extra £250 million a year by 2030.
Post Office chairman Nigel Railton said: “Moving to a fully franchised network is one part of enabling the Post Office to deliver a New Deal for Postmasters, helping to create a long-term, sustainable future for the Post Office. “By franchising these branches, we are protecting access to our services for communities right across the UK and realising £40 million worth of savings that will enable us to uplift postmasters’ remuneration by up to 10%.”.
