An Post to outsource cash transit service

An Post is proposing to outsource its countrywide cash transit service.

The postal service confirmed last week that it had received over 10 expressions of interest from private companies to tender for the provision of cash-in-transit services for selected post offices throughout Ireland. Most of this work is currently done by An Post delivery teams.

A spokesman for An Post said that only two of its cash delivery teams had been held up in the last two years. Private security teams have been held up at the rate of one a week over the same period.

We have by far the biggest network of cash outlets in the country, and the cash transit service involved is also one of the biggest in the country, said the spokesman. We are the main provider of social welfare deliveries, and we are the largest processing agent for bills. We’re a substantial provider of cash.