The Post Office's transformation plan is based "overwhelmingly on cost-cutting", the Communication Workers Union said. It claimed:
- Plans rely on staff cost cutting to account for more than half of all cost reductions
- Only 20% of the gap to break-even will come from new income
- Reliance on franchising is up by £2 million to £8 million compared to last September
- The management's pay offer of lump sums is conditional on reaching "unrealistic savings through closure of offices", many staff are likely to never receive the money on offer it said
More top news
Tonight turning foggy in places but frost free
Governor says Article 50 fears not Bank actions to blame for pound's plunge, but admits markets may yet have "mistaken" Brexit impact.
Conservative MP Zac Goldsmith read out a statement on his decision to force a by-election in protest at new runway at Heathrow Airport.