Shock figures reveal An Post will halt losses
An Post, Ireland’s deeply troubled postal service, is heading for a surprise break-even profit figure for this year. As the nation is threatened by a postal strike at its peak Christmas period, the news is bound to strengthen management’s hands during critical negotiations with the unions. This weekend, workers are balloting on industrial action. Sources at An Post have told the Sunday Independent that the shock turnaround from last year’s losses of 43m is due to once-off savings, unlikely to be repeated in 2005 unless the unions agree to a productivity deal.
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