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Royal
Mail today welcomed yesterday’s DTI statement on the future of the Post
Office Network. The plans, which are
to go to public consultation, would see an investment of £1.7bn to 2011,
whilst reducing the community network by 2,500 branches.
Royal Mail believe that the
investment will enable post office modernisation, allow expansion of
financial services, and will see the introduction of 4,000 free to use
ATMs, whilst at the same time covering ongoing losses whilst the plans are
delivered.
Royal Mail see the creation
of at least 500 Outreach services as the way to create a sustainable
network in the wake of the 2,500 proposed branch closures.
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