An Post under threat as finances worsen

An Post has warned that its ability to provide a national postal service is under threat because of the company’s worsening financial situation.

The company’s chief executive, Donal Connell, has called on the postal sector’s regulator, ComReg, for a review of the existing prices cap on postal charges.

In a recent letter to ComReg, Mr Connell said the company was continuing to sustain substantial losses in providing a national mail delivery and collection service due to increasing costs and falling revenues.