An Post is reported to be facing a serious financial crisis, with cash reserves reportedly falling below €1 million, leading to claims of the company being on the brink of collapse. CEO David McRedmond strongly refuted the claims, labeling the newspaper article as 'utter garbage'. He expressed his anger over the irresponsible reporting and highlighted the company’s successful transformation under his leadership. Minister of Communications Mr O'Donovan echoed McRedmond's sentiments and commented on the confidentiality of Cabinet discussions regarding financial matters.
An Post's CEO David McRedmond expressed outrage over a newspaper report claiming the company is 'on the brink', labeling it as 'utter garbage' and 'irresponsible reporting'. While addressing the financial situation of An Post, he criticized the leaking of confidential Cabinet discussions, emphasizing the positive transformation under his leadership.
Communications Minister Mr O'Donovan supported McRedmond's stance, confirming that An Post's financial accounts were confidential and expressing disbelief over the leak. He stated that the company's previous financial losses were mitigated by revenue from election-related mail.
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