The States this week approved a proposition by Deputy Geoff Southern to request the minister to ask the Jersey Competition Regulatory Authority to hold off on their final decisions to allow Citipost and HubEurope to compete with Jersey Post in the lucrative fulfilment market.
Management and staff at Jersey Post have expressed concern about the effects of competition, saying that it could devastate their business and mean cutbacks in the loss-making post offices and daily deliveries that are supported by the profits from fulfilment.
Earlier this week, Treasury Minsister Philip Ozouf said that Jersey Post could face significant financial problems if the postal market was opened up to competition In a letter to Chuck Webb, the JCRA’s executive director, Senator Ozouf, who was the architect of competition law in Jersey and championed the creation of the JCRA, said that he was concerned for the ‘long term value and financial sustainability of the company’.
