By Mail

Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. Your area postmen could be the next financial services sales guy knocking at your door, under a programme to revive the Postal Department. The Dept., with a Rs. 465 million loss last year, says it is keen to cut costs and retrain its delivery staff to offer other revenue generating services.

Deputy Post Master R D P Gamini says an average letter costs Rs. 12 to deliver, with stamp charges left at Rs. 4.50.

Post and Telecommunications Minister D M Jayaratne says under the Freedom Alliance Government’s policy, the Department would be restructured to reduce its burden on State revenue.

The Minister say a rate hike could be considered but added that a Government decision was not available on the increase.

However, any strategy is still on the drawing board, but is expected to take off in 2005.

The postal department is also stepping into a cost cutting phase, with plans to cut back on rent expenses and instead move into state owned buildings.

First to go will be the World