Britain's publicly owned post office, the recently rebranded Consignia, is about to download chief executive John Roberts in the wake of the organisation’s massive losses.

Some insiders believe that Roberts, a long-serving post office staffer, is a government scapegoat for the financial morass in which the formerly profitable Post Office now finds itself. There are also tales of clashes in management style with Consignia chairman Allan Leighton, the former boss of supermarket giant Asda.

News of Roberts’ imminent exit coincided with an eleventh hour agreement between Consignia and the Communication Workers Union, removing the threat of a national postal strike next week.

The two sides agreed a two-year pay increase of 4.6% which could be supplemented by additional payments this year and next, respectively worth 2.2% and 2.3%. It is thought that the extra payments are conditional on productivity targets being reached.

CWU members will now be asked to approve the deal via a secret postal ballot.

Data sourced from: The Times (London); additional content by WARC staff