The scandal-hit Post Office has moved to gash its senior management crew by half of below efforts to gash aid costs and bolster the replace’s broken culture.

New chairman Nigel Railton instructed a committee of MPs the switch used to be started honest moments after his transformation belief – a foremost effort to flip a website on the Horizon IT scandal – used to be published to Post Office workers remaining week.

He also confirmed the entire payment of the initiative, yet to be agreed with ministers, had been estimated at £1.2bn.

That sum, he said in his evidence to the replace and replace committee, included the projected payment of a replacement for the Horizon accounting map.

Money most up-to-date: UK’s most costly cup of espresso goes on sale

Mr Railton did also no longer announce he could well furthermore take into yarn his region if the bill used to be no longer current by the authorities.

The transformation plans could well furthermore lead to bigger than 1,000 job losses thru the closure of larger than 100 so-called crown branches which on the moment lose foremost amounts of cash.

On high of that headcount figure are deliberate cuts to head place of work roles.

Published: The fleshy list of 115 Post Locations of work in peril of closure

Whereas no entire has been set up, Mr Railton, who succeeded Henry Staunton after he used to be sacked by-then replace secretary Kemi Badenoch in January, confirmed it used to be in consultations with 30 out of 64 people of the present senior management crew.

The broader transformation proposals embody an aim to seize postmaster pay by a blended £250m over 5 years in a enlighten to solve long-held complaints over remuneration.

The MPs held their evidence session because the final public inquiry into the scandal nears its conclusion, with honest closing speeches to be made earlier than the e-newsletter of the findings next year.

The compensation and redress grief is continuing to dominate the fallout amid the criticism over delays after the blanket quashing of wrongful theft convictions linked to the inappropriate accounting map instrument.

The MPs raised considerations, that occupy been supported by witnesses at the side of Mr Railton, that the redress schemes restful wished to head sooner no subject some improvements in processes.

Consideration is, alternatively, also turning to probably prosecutions connected with the scandal even supposing such charging choices could well furthermore seize years to materialise.

Sky Facts published on Monday that police, who occupy been monitoring evidence and submissions to the inquiry, are investigating as much as four people to this level on suspicion of offences at the side of perjury.

Ministers are brooding a pair of fresh ownership mannequin for the replace, which could well furthermore lead to an worker-owned future much just like the John Lewis Partnership construction.