Letters to the Editor: An Post mindset out of touch with rest of us

An Post CEO David McRedmond’s observation that 'the price of a stamp is irrelevant, whether it’s 70c or €1 or €2' shows contempt for his customers and ignorance of a basic economic concept, price elasticity of demand

Removal of the price cap didn’t mean that David McRedmond could do what he liked with regard to pricing. 

Emer Walsh’s report on the contribution by David McRedmond (CEO of An Post) at UCC’s annual commerce conference last Thursday gives an informative insight into the mindset of the management of one of this country’s national treasures.

Mr McRedmond’s observation that “The price of a stamp is irrelevant, whether it’s 70c or €1 or €2” shows contempt for his customers and ignorance of a basic economic concept, price elasticity of demand. He boasts “I increased the price by 40%” on April 13, 2017, from 72c to €1.