Oireachtas Joint and Select Committees
Wednesday, 18 May 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Future of An Post Network: Discussion
Mr. Ned O'Hara:
It is as up to date as it was 15 months ago. Inflation has kicked in since. We got an updated report in April and it has identified the gap from our perspective as being €12 million. The costs may have gone up from €70 million but we have got no pay increase. The cost of providing the network remains at €70 million. The revenue was €53 million. We get additional revenue from Bank of Ireland and the customs service, arising from Brexit, as well as one or two other things. The gap has been closed by €5 million but the network now needs a minimum of €12 million.
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