'No, it wasn't me' - Minister O'Donovan denies leaking 'garbage' claims about An Post on 'brink of financial collapse'
Briefly

An Post's financial troubles were highlighted in a newspaper article claiming it was 'on the brink', with cash reserves dropping below €1 million. Communications Minister Patrick O'Donovan acknowledged the claim but denied leaking information. He emphasized An Post's transformation under McRedmond's leadership. CEO David McRedmond reacted with anger, rejecting the article's portrayal of the company's situation, and deeming the reporting as irresponsible. O'Donovan affirmed his agreement with McRedmond regarding the report's inaccuracy and pointed out concerns regarding confidentiality breaches.
An Post is facing a dire financial situation, with cash reserves dropping below €1m for the first time, prompting warnings of no bailout from Cabinet sources.
CEO David McRedmond expressed his fury over the newspaper report, describing it as 'utter garbage' and 'utterly irresponsible reporting' regarding An Post's financial health.
Read at Irish Independent
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