Post Office: Employee-owned model ‘unlikely to be considered until 2030’

Yorkshire Post

Turning the Post Office into an employee-owned organisation could not be considered until 2030, the Government has revealed, as it could also scrap the 11,500-branch requirement as part of a major review into its future. #postoffice

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post. Turning the Post Office into an employee-owned

00:07organisation could not be considered until 2030, the Government has said, as it could also scrap

00:13the 11,500 branch requirement as part of a major review into its future. The current level of

00:20taxpayer funding for the Government Postal Service is unsustainable, the Department for Business and

00:26Trade said in a new green paper on the organisation's future. The DBT said turning the organisation

00:32into a mutual, whereby it is collectively owned by its members, was a possible long-term option.

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