Some facts about the financial state of An Post, the failure of the company and the government to honour the ESOP agreement made nearly a decade ago. Take the way postal workers have been treated in comparison to the financial sector.

If you make a mess of things and suffer massive losses the state will bail you out, on the other hand, if you adhere to agreements and honour commitments as An Post workers have continuously done you are treated with contempt and the people in power fail to honour agreements and refuse to give us our rightful entitlements / shares. 

Mary O Rourke - Dermot Ahearne – Noel Dempsey, all Fianna fail Minster’s and currently Eamonn Ryan of the Fianna Fail / Green coalition government have been the Ministers who have failed to implement this agreement.    
 
An Post turnover for the past five years

2003   709.2  million euro

2004  750.2 million euro

2005  752.9 million euro

2006 818.8  million euro

2007  876.0 millioneuro

Profits
In 2007 An Post made a profit of 49.4 million before tax

Employees
Group employee numbers for 2003          10498

Group employee numbers   for 2007          9905

Reduction in Staff numbers
A decrease in staff of     593

A 6 per cent reduction in staff

Increase in Mail Volumes
Another consideration that must be noted is that mail volumes for 2007 increased by 5.3 per cent on the figures for 2006.

The company has made substantial profit over the past 3 years so attempts by The Department of Communications and the Company at the poor mouth don’t hold water

We have entered into and implemented a number of new agreements with our employers yet they have not delivered on their part of the E S O P agreement. As I notice from the article on this site from 23rd March regarding the Annual returns of the An Post Esop.

A company has been set up to administer the An Post Esop there is a Chairperson and directors now in place. Before the Unions that represent us enter into any other discussions on new agreements The ESOP shares (in full) should be immediately be released with no strings attached.

Go to An Post Annual report

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