Treasury outlines how Jersey Post will go private

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The new company will be chaired by Mike Liston, the chief executive of Jersey Electricity Company.

All staff employed by Jersey Post will on 1 April transfer to their new employer, with no changes to contracts or pension rights.

After months of work behind the scenes to resolve the handover of assets and pensions issues a proposition was lodged at the end of last month by Treasury Minister Terry Le Sueur which details how the changeover will take place.

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