Post Office

Post office $2.8 billion in the redThe Associated Press –1 hour agoBy cutting back on spending the post office had a net operating income of $2.7 billion in 2008, but still ended up in the red because of the requirement for …Bad economy puts post office $2.8 billion in redThe Associated …

The Post Office has learnt it will keep a £1bn contract for a card account used by millions of customers – following a Government decision that may save 3,000 branches.  More: continued here

The government has handed the Post Office the Post Office Card Account (POCA) contract, ditching the tender process. More: continued here

The government on Thursday renewed the Post Office’s one billion pound contract to distribute benefits, abandoning a plan to offer it to the private sector and potentially saving 3,000 local branches. More: continued here

The government is expected to announce later on Thursday that the Post Office will retain its one billion pound contract to distribute benefits, a decision that could save thousands of branches from closure. More: continued here

Threatened post offices win reprieve as rivals lose their bid to …Times Online, UK –11 minutes agoIn the first of a series of moves to revive the Post Office, ministers abandoned a plan to hand the running of its card account to a private company. … More: continued here

Last-minute effort to save Post OfficeGalloway Today, UK –5 hours agoA LAST-DITCH campaign is underway in a bid to prevent the planned closure of a busy Galloway Post Office. The fight has been taken to the very top – with …200 Wimbledon Village residents protest post office closureYour Local Guardianall 2 news …

The Post Office was Thursday awarded a £1bn five-year contract to retain its benefits card account, after ministers axed a procurement process that in March put the business out to competitive tender. More: continued here

The ailing economy caused a big drop in mail, leaving the post office $2.8 billion in the red. Postmaster General John Potter said Thursday the agency is making sharp cuts in hours and overtime but added there are no plans for layoffs. More: continued here

The ailing economy caused a big drop in mail, leaving the post office $2.8 billion in the red. Postmaster General John Potter said Thursday the agency is making sharp cuts in hours and overtime but added there are no plans for layoffs. Also, the cost of… More: continued here