By Chisomo Phiri
Malawi Posts Corporation (MPC) has retrenched 65 employees as part of its ongoing process of implementing the 2022 Turn Around Strategy (TAS) aimed at making the corporation into a profitable and digitally-led public entity.
Confirming the matter to local media on Wednesday,MPC Postmaster General Angel Banda said the corporation had 746 workers when the strategy was launched, while the approved number of employees per the Office of the President and Cabinet (OPC) functional review was 411.
She added that as of May 28, 2024, the staff was 558, explaining that this phase has let go of 65 members of staff while the other 82 will be retrenched within three years.
Meanwhile, authorities feel that the MPC’s performance has turned a corner from an audited comprehensive loss of 1.9 billion in 2021/2022 to a projected (unaudited) total comprehensive income (profit) of K100 million in 2023/2024.
MPC is the statutory corporation responsible for the postal service and some financial services in Malawi.
The corporation runs 180 post offices throughout Malawi, and also provides services via 154 postal agencies.
The financial services it provides include electronic, telegraphic and money transfer services within Malawi and internationally, and utility and telephone bill payments.
The MPC is regulated by the Malawi Communications Regulatory Authority (MACRA) which regulates all postal services in Malawi.
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