Price of a stamp to increase by 20c
Briefly

Price of a stamp to increase by 20c
"The cost of sending a letter to anywhere else in the world will be €3.95, which the company says is to cover significant losses on international mail. An Post has justified the increases, which take effect on February 3, on the basis that it has to provide a service to every address in Ireland, while taking account of wage increases, higher operating costs, and the 7pc decline in letter volumes in the last year."
"Garrett Bridgeman, managing director of An Post Mails & Parcels, said: "Increasingly, European countries have reduced letter delivery frequency to once or twice a week and now deliver to mail boxes outside the home or to central collection points. "While An Post continues to design future-generation mail services to suit customers' needs, the company is committed to retaining the option of a next-day national service to the door by trusted, trained postal staff in a growing fleet of emission-free vehicles.""
"An Post has a Universal Service Obligation (USO), which means it must give a mail service to every household in the country on every working day. Losses on the delivery of inbound USO international mail were €14.2m last year, while the losses on the processing of outbound items was €10.6m, reflecting the increasingly unprofitable nature of that side of the business."
An Post will raise postage to €3.50 for Britain and Europe and to €3.95 for the rest of the world, effective February 3. The increases aim to offset significant losses on international mail while funding delivery to every Irish address. Letter volumes fell 7pc in the last year and international mail declined 10.4pc. Inbound USO international delivery losses reached €14.2m and outbound processing losses €10.6m last year. Wage increases and higher operating costs are cited as drivers. An Post maintains a Universal Service Obligation and plans to retain next-day national door delivery using emission-free vehicles.
Read at Irish Independent
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