Post Office Announces £250m Pay Boost Amid Job Cuts and Branch Closures

The Post Office plans to increase postmaster pay while proposing the closure or transfer of 115 branches, risking 1,000 jobs.

The Post Office's transformation plan aims to boost postmaster pay by £250 million annually by 2030, contingent on government funding.
The plan involves a potential closure or transfer of 115 Crown Post Office branches, impacting approximately 1,000 jobs.
The Communication Workers Union criticized the plan as 'immoral,' citing the recent Horizon IT scandal's impact on postmasters.
Post Office Chairman Nigel Railton emphasized increasing postmasters' revenue share and reducing operational inefficiencies.
The government is in discussions about potentially mutualizing the Post Office, giving sub-postmasters ownership similar to the John Lewis model.