Staff willingness to accept change key to Post profits
INCREASED profits at Guernsey Post this year were due to the cooperation of its staff, according to chief executive Boley Smillie.
‘We’ve asked a lot of change of our staff and there’s been a lot of changes internally. They’ve responded really well to that,’ he said.
Mr Smillie was speaking following the release of the company’s annual report, which showed an operating profit of £2.3m. for 2016/17.
Pension related services costs went down by £1.7m. in the year due to Guernsey Post’s withdrawal from the States of Guernsey Public Servants Pension Scheme.
When the change was being discussed, 99% of staff were in approval with a 100% uptake to the new arrangement.
In line with a general downwards trajectory in the volume of traditional mail handled, Mr Smillie said it had been another ‘tough year’ with a 6% downturn.
The main sources of growth remain in the internet shopping and greetings cards businesses.
The output from greetings cards companies based here, Moonpig and Funky Pigeon, makes up two-thirds of all letters sent from Guernsey.
Full story in today's Guernsey Press
