Tag: Europe

An Post, which up until recently could not pay the terms of Sustaining Progress, intends to spend EUR30 million next year on upgrading its security systems and renovating its buildings. This year the company spent about EUR7 million on capital projects, but according to estimates submitted to the Department of Finance the company will spend EUR30 million in 2006. This represents an increase of more than 300 per cent. A spokeswoman for the company said about EUR15 million was earmarked for a major security upgrade to the retail operations of the company. This will involve installing new security features, including CCTV and alarms, in many of the company’s 1,614 post offices. An Post said it was responding to increased threats to some of its post offices, particularly in isolated rural areas. The remainder of the funds will be used to upgrade regional offices, extend some mail centres and bring in fresh IT equipment. One of the reasons for this is that An Post is trying to re-integrate the parcels business SDS back into its core mail operation. This operation was closed last year.