Oireachtas Joint and Select Committees
Wednesday, 9 June 2021
Joint Oireachtas Committee on Transport, Tourism and Sport
The Viability of and Opportunities for the Post Office Network: An Post
Ms Debbie Byrne:
We have been in discussions with the IPU. Basically, there will be a tailored payment for each post office to reflect the forecasted business loss, which refers to the products that have been affected during Covid. For example, there has been a decline in foreign exchange transactions. There is also a payment related to the loss of social welfare. Finally, there is an incentive linked payment of 10% on all services that excludes social welfare, which is to incentivise commercial efforts. There is a structured deal and a proposal that we have discussed, in outline, with the IPU executive, and that is ultimately covered.
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