Post Office Plans Major Restructuring: Job Cuts and Branch Closures Loom
The UK Post Office is considering significant changes that could jeopardize over 100 branches and hundreds of jobs at its headquarters. As part of a financial recovery plan, chairman Nigel Railton is set to address staff about a review aimed at restructuring the troubled organization. The review may lead to the closure of 115 unprofitable branches and transition some operations to alternative franchise models. This development coincides with a government-commissioned review and is amid ongoing scrutiny related to the Horizon IT scandal affecting sub-postmasters.