A Croydon Post Office is at the risk of closure after a “major overhaul” from the company.

More than 100 Post Office branches across the country are under threat after an announcement on Wednesday (November 13).

The venue at 10 High Street, Croydon, CR9 1HT is one of the locations at risk.

The Post Office revealed it is looking to offload 115 directly-owned branches within its 11,500-strong network, which could see them transferred to retail partners or postmasters, or potentially closed.

Around 1,000 workers employed across the branches could find their roles at risk, with the Post Office confirming that hundreds of further jobs are under threat as its headquarters looks to streamline office operations.

Business minister Gareth Thomas said the Post Office is facing “commercial challenges” and there needs to be “significant cultural change”.

Mr Thomas highlighted the “vital” banking services provided by the Post Office and the importance of postmasters, adding in the Commons: “But we have to recognise that the Post Office is far from perfect.

“We have seen this from evidence given at the (Post Office Horizon IT) inquiry.

“It’s clear there needs to be significant cultural change at the Post Office to ensure it genuinely prioritises the needs of postmasters and delivers customers’ needs far into the future.

“It’s also clear more needs to be done to rebuild trust within the business and with the public who depend on their services.

“It’s no secret too that the business is facing commercial challenges – nearly half of its branches are not profitable or only make a small profit from the Post Office business.

“Postmaster pay hasn’t increased materially for a decade. The company has a high cost base and needs to transform its IT system.”