Royal Mail is to create 1,000 new jobs as it looks to cash in on the boom in online retailing.
Royal Mail is planning a £75m investment programme in its UK express parcels business as packages become increasingly important to the company against a backdrop of a plunging letter numbers as email takes more of the strain.
In the last reported financial year, its parcels businesses accounted for almost half of the group's revenues, excluding the Post Office, and online retailing is expected to continue increasing as stores place a greater emphasis in their online offerings.
High rents, other cost pressures and low consumer confidence have combined to hurt the high street since the financial crisis, prompting many retailers to invest heavily in online.
As a result, Royal Mail is to open a new parcel processing centre in Chorley in Lancashire next year, two new depots will be opened in Cornwall and Hampshire with a further nine existing depots expanded or moved to larger sites over the next four years.
Royal Mail Group's chief executive Moya Greene said: "Our investment is part of Royal Mail Group's strategy to grow its parcels businesses in the UK and overseas.
"Our strategy is to convert the rise in parcel volumes into profitable growth. That means becoming a much more customer-focused company being run on commercial lines and investing in new, vital technology."
The move was welcomed by the Government.
Mark Hoban, minister for employment, said: "It is great news that 1,000 new jobs will be created across the country as a result of this investment.
"We've now got a record number of people in employment and these jobs will provide welcome opportunities for people who are looking for work."
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