Post Office to close 115 branches and cut jobs to fund subpostmaster pay rise

Decision puts 2,000 jobs at risk overall as part of ‘streamlining’ plans that will include £250m pay increase

The Post Office plans to close 115 branches and says about 2,000 jobs are at risk as part of a plan that will see post office operator pay increase by £250m over the next five years.

The Post Office confirmed on Wednesday that it is seeking to offload 115 branches that it currently centrally owns, known as crown post offices, but said it expects to maintain the total network at 11,500 branches across the UK.