An Post wants to cut 1,000 jobs despite profit

AN POST has returned to profitability for the first time since 2000 but still wants to increase the price of a stamp to 60 cent and cut its workforce by another 1,000 employees.

Announcing its annual results for 2004, the company insisted it was still unable to pay its 10,000 staff increases due under the Sustaining Progress agreement, despite the turnaround in its performance.

An Post yesterday reported an after-tax profit of €6.5m last year which it attributed to the success of a strategic recovery plan to slash costs.