Post Office boosts postmaster pay by £250m - but 115 branches are at risk

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Post Office boosts postmaster pay by £250m - but 115 branches are at risk
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Post Office boss vows to restore pride in 'working for a business with a legacy of service, rather than one of scandal.'

Post Office boss vows to restore pride in"working for a business with a legacy of service, rather than one of scandal."David ConnettThe Post Office said it wants to boost postmasters’ pay by £250m a year as part of a plan to transform the the troubled company as it seeks to move on fromPostmasters could expect up to £120m in additional remuneration by the end of the first year of the 5-year Plan, which is subject to approval and government funding.

The measures are part of a strategic review that Nigel Railton, the chair of the Post Office, began in May. The review is understood to propose greater rewards for the sub-postmasters and mistresses who operate 9,000 post office branches independently. “It begins a new phase of partnership during which we will strengthen the postmaster voice in the day-to-day running and operations of the business, so they are represented from the frontline to the boardroom.”

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