Post Office 'to close 115 branches and axe hundreds of head office jobs'
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manchestereveningnews.co.ukThe BBC has reported that the Post Office is considering a major overhaul of its loss-making operations, which could see over 100 company-owned branches shut down and hundreds of head office roles at risk.
The restructuring plans being mulled by Post Office chairman Nigel Railton include the potential closure of 115 unprofitable branches, with the livelihoods of many employees hanging in the balance.
The company's head office staff, numbering around 3,000, are also facing uncertainty as the Post Office seeks to stabilise its financial position.
A shift towards a franchise model is on the cards, with the possibility of other operators or third parties taking over struggling branches.
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