| 11.8°C Dublin

An Post reiterates plans for 1,600 job cuts by 2015

AN Post has reiterated its plans to cut staff by up to 1,600 by 2015 and hike prices in correspondence to the communications watchdog, ComReg.

The body announced last year that it planned to reduce its workforce through voluntary redundancies and the non replacement of staff.

It was also announced earlier this year that the price of a stamp would increase to 55c as mail volumes declined.

In correspondence to ComReg as it prepares its postal strategy to 2014, An Post said it has set out a five year plan to tackle the financial problems.

“The five year plan is designed to ensure that an efficient and high quality universal service can be maintained to meet the needs of all our customers and financed, as far as practicable, from within the resources of the company,” it wrote.