£3m. Post cuts the right move, says Treasury chief

Thursday 28th October 2010, 2:29PM BST.

Treasury minister Charles Parkinson. (Picture by Adrian Miller, 1004558) GUERNSEY POST’S plan to cut £3m. from its budget for next year has received backing from Treasury and Resources.

Yesterday minister Charles Parkinson – who represents the company’s sole shareholder, the States – said he was behind efforts to compensate for the volume decline in tradition mail.

But restricting spending will come at a price and Guernsey Post’s chief executive Boley Smillie has warned that job cuts will be inevitable.

Deputy Parkinson (pictured) said the company was responding well to difficult times.