An Post to shed 270 jobs in loss-making courier division

WORKERS were shocked and “betrayed” last night at An Post’s announcement that it will seek 270 job cuts in its loss making parcels and courier division, SDS.

An Post wants these voluntary redundancies because SDS has lost €30 million over the past five years. These latest redundancies will push to 1,800 the number of job cuts the company is seeking as part of a major restructuring plan.

An Post chief executive Donal Curtin said the decision was regrettable but unavoidable because the company had suffered major losses due to high fixed costs, inflexibility and intensive price competition.