Cost.co.uk Responds to One in Five High Street Post Office Branches Closing

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The chain is losing profits and is forced to close branches.

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‘It is always slightly upsetting to see such English institutions close down, yet it is encouraging that there are no job losses

According to a recent article in The Times, The Post Office plans to seek partnerships with retail firms for 70 of its main high street branches.Currently the organisation is losing £40 million a year yet has explained that most post offices in busy locations such as high streets and shopping centres will remain the same, whilst others merge. There will be no compulsory redundancies as the company seeks partnership with other businesses including WH Smith and Co-Op.

A statement from the company explained, ‘We are currently undertaking the biggest business transformation programme in the history of the Post Office. Our investment will maintain the size of the network and modernise branches to meet customer needs…The Post Office successfully works with many partners and in some areas it is more viable to partner with quality retailers.’
Cost.co.uk is dedicated to providing consumer information on a regular basis. As one of the UK’s leading comparison sites the company is gives advice and information on a variety of sectors including finance, insurance and travel. A spokesperson from Cost.co.uk added, ‘It is always slightly upsetting to see such English institutions close down, yet it is encouraging that there are no job losses and The Post Offices are still remaining in local high street shops.’

The latest move is a decision in a string of events that has taken place over the last few years as an attempt to cut costs.

Cost.co.uk continues to discuss consumer affairs.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austiin
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