Post watchdog waives fines for missed targets
Postal group Consignia could have been fined #8 million for failing to achieve its end-of-year targets but regulators decided a penalty would have been counter-productive, it was announced today.
Postcomm said it was concerned at the poor standards of delivery to certain post codes, particularly in London, and that the company “had not tried hard enough” to achieve targets for its 1st and 2nd class response business services
The industry watchdog, however, said a financial penalty would not have benefited customers and is instead working to improve services with the company, which had been losing #1.5 million a day.
Overall standards had improved in the last financial year and it was keen to see standards maintained and bettered in the next, the watchdog added.
