GBP20 million investment programme for directly managed UK post office branches
The Post Office today pledged a GBP20 million investment programme for its directly managed high street branches and gave a firm assurance that there is no closure programme for these key offices. David Mills, Chief Executive of Post Office Ltd, strongly denied reports that a review of the 555 branches directly managed and staffed by the company would result in large numbers closing. He stressed: “This is not a closure programme. It never was. We anticipate that fewer than five directly managed branches will need to close in 2005/06.” The assurance was given in a letter today to every MP at Westminster.
Mr Mills said the 555 directly managed branches lost more than GBP70 million last year.
