IT HAS BEEN widely reported in recent weeks that more than half of Ireland’s 1,150 post offices are now loss-making.
According to the Sunday Independent, as many as 200 An Post branches could be shuttered in a bid to plug a growing gap in the company’s finances. That’s more than double the number of potential closures reported on Wednesday.
Such a measure would be deeply unpopular, especially in rural areas.
However, An Post is expected to post a €15 million loss for 2016, compared to an operating profit of €5.2 million during the 12 months prior. The majority of that loss – €10 million – is attributed to the cost of operating post offices.
Some have argued that the state should inject millions into the company to help it deal with its financial woes.
A paper penned by businessman Bobby Kerr reportedly suggested that as well as closing 80 branches, the government should pump €58 million into An Post.
The company has only received one bailout since it became a semi-state in 1984, when it was given €13 million in 2003.
With that in mind, we’re asking Fora readers this week: Should An Post close loss-making post offices?