An Post needs to rebuild its business from the bottom up
An Post’s last stand? An extreme question? Not if you believe the recent scary proclamation from the postal delivery company.
In this newspaper, just a few weeks ago, the new chief executive, Mr Donal Curtin, said there was no cash in the business in recent months, and for the first time in the company’s history, overdraft facilities had been called upon.
Let’s deal with the last contention first; that does not correlate with the facts. The last published annual report was for 2002 and, wait for it, it showed bank overdrafts for E18.9 million!
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