Tag: An Post

AN Post forecasts Eur30m loss

An Post has forecast a EUR30 million ((pounds) 23.6 million) loss this year after a EUR7.2 million deficit in 2001.
The State company is understood to attribute the deepening financial crisis to the economic downturn, wage increases and its failure to implement a cost-cutting plan agreed with staff almost two years ago.

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An Post in talks with union over severance deal

Postmasters have entered talks with An Post on a voluntary severance package that could close hundreds of post offices. The union’s participation in the severance talks marks a significant turnaround and follows the Government’s refusal in July to pay An Post a subsidy to keep loss-making offices open.

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An Post to challenge regulators Eur 3m levy

An Post will today challenge in the High Court a £2.35 million (EUR2.98 million) levy charged by the telecoms regulator, Ms Etain Doyle. It is thought the State company will challenge Ms Doyle’s legal right to impose the fee for regulating the quality of postal services this year and in 2002.

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Bank boost for Post Office network

Ireland’s biggest banking group is to link up with the state-backed post company in a move that will lead to 1,000 post offices becoming its agents.
The alliance between Allied Irish Banks (correct) and An Post is part of a strategy on the part of the bank to maintain a branch presence in all of Ireland’s rural towns and villages, and comes at a time when a number of local post offices have been seen as under threat of closure on financial viability grounds.

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