Concerns over postal service survival in current format

Chair explains challenges for organisation in a digital era

The chair of the Isle of Man Post Office admits he's not confident the postal service can survive in the long run in its current format.

Stu Peters says they're faced with a 'declining market' which they have to 'come to terms with'.

The organisation is facing the challenge of adapting to a more digital market as letter volumes declined again over the last year.

Mr Peters says the task of adapting to a more digital approach is a sign of changes in recent times:

Meanwhile, the chief executive of the service says the organisation is committed to keeping local branches open as long as possible.

In its annual report going to Tynwald next month, the organisation says digital is both a 'threat and an opportunity' to consider.

Simon Kneen says the network is 'constantly evolving' and it's something they have to adapt to: