Hellenic Post, the state-owned national postal service, announced on Thursday plans to shut down around 80 small branches around the country and to transfer staff to bigger departments.

The company's chief executive, Costis Melachrinos, said that no employees will be fired but would instead be transferred to busier branches, and added that the services provided by the defunct branches will be assigned to agents.

He said that the move is expected to result in savings of 2.5 million euros.

Melachrinos also added that additional staff at central locations could mean some post offices operating for longer hours.