Wednesday 22 May, 2019

Minister refutes talks of plans to privatise TTPost

Public Utilities Minister Robert Le Hunte is echoing statements made by TT Post Chairman Eula Rogers that there are no plans to privatise the organization.

This follows claims by general secretary of the Postal Workers Union (PWU) David Forbes who, at a press conference on Saturday, alleged that Government intended to sell the company.

Rogers previously described the claims as "misleading".

In response via statement from his office, the Minister said the business model of TT Post needed to change as the advancement of digital technology has changed market conditions in the postal industry across the globe.

He said as such, TT Post, like other national postal services, needs to engage in a transformation exercise to adapt to the new environment.

Le Hunte affirmed Government’s recognition of TT Post’s obligation under the United Postal Organization Convention, to provide an efficient mail delivery service to the population and sought to assure the public that the organization’s transformation will enable it to carry out this and other services, more efficiently.

He noted that greater efficiency is needed so all the entities under the Ministry’s purview can reduce their dependency on the state, especially in light of the country’s current economic position.

The Minister added that since assuming office he has met with several union representatives of the entities under the Ministry’s purview, with a view to exploring ways to increase efficiencies, reduce costs, and increase revenues

The Management and Boards of these entities have also been in regular contact with union representatives and have provided the Ministry of Public Utilities with consistent feedback.

Le Hunte said given the country’s economic circumstances, it cannot be business as usual. He encouraged stakeholders under the Ministry’s purview to explore mechanisms to improve efficiencies, reduce operating costs and increase revenues.

This, he said, is the primary motivation behind the transformation exercise being undertaken by TT Post, which will result in the organization’s viability and profitability.

 

Get the latest local and international news straight to your mobile phone for free:

Download the Loop News Caribbean app on Google Play Store: http://bit.ly/GetALoop

Download the Loop News Caribbean app on the App Store:  http://bit.ly/GetiLoop

Get the latest local and international news straight to your mobile phone for free: