Today’s (Thursday 10 July) Post Office results put a gloss on a sorry picture of mismanagement said Britain’s largest union, Unite.
While turnover has increased the union warned that operating losses of £93 million told the real story as Unite members in the Post Office work hard to deliver a service against a backdrop of cuts.
Commenting on the Post Office’s annual report and accounts, Brian Scott, Unite officer for members' in the Post Office said: “These results are disappointing and put a gloss on a particularly challenging situation that continues.
“An increase in turnover of £45 million is positive on the face of it, but an operating loss of £93 million is the real story. Decreases in revenue in Mails and Retail of £19m, in Financial Services of £2m, Government Services £18m and Telecoms £15m, tells a sorry picture of mismanagement.
“Despite these poor results Unite members in the Post Office have been working extremely hard over the last 12 months to deliver change and to deal with cuts and different ways of working in the belief that this was the right thing to do.
“These results demonstrate that the approach from the Post Office is flawed and government also has to take its share of the blame for this.
“These results are produced with a degree of poetic licence and mask the fact that workers waited 3 years for a pay review, and still they have not all received one yet, whilst having their pension prospects reduced.
“At the same time Unite members bonus dropped by half compared to last year whilst executives of the Post Office are still getting bonuses at between 78 percent and 90 percent of last years.
“It is clear that in 2014 not all Post Office employees are equal and some are more unequal than others.”
For further information please contact Unite head of media and campaigns Alex Flynn on 07967 665869.
Notes to editors:
Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.