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1240/5(7061)
WRITTEN QUESTION TO THE MINISTER FOR ECONOMIC DEVELOPMENT BY DEPUTY M. TADIER OF ST. BRELADE
ANSWER TO BE TABLED ON TUESDAY 11th SEPTEMBER 2012
Question
Following the loss of the recent Low Value Consignment Relief case will the Minister advise the Assembly how many firms engaged in the fulfilment industry have as a consequence of this loss:
- have relocated their business and left Jersey;
- have gone out of business;
- have laid off staff - giving precise figures as to how many staff?
Answer
The figures below are based on preliminary analysis of June manpower returns compiled by the Population Office relating to changes in employment that have occurred between June 2011 and June 2012 in fulfilment companies and related service industries. This information does not specifically identify any reason for changes in staff numbers. The official manpower return figures will be published by the Statistics Unit Population Office.
According to information available to the Department:
- No companies relocated their business between June 2011 and June 2012. However, there is anecdotal evidence that businesses that are registered here have established offices in other non-EU jurisdictions.
- 1 company has gone out of business between June 2011 and June 2012. However, there is anecdotal evidence that some companies still registered here have reduced staff in Jersey and increased staff levels in offices in other non-EU jurisdictions.
- 19 companies have reduced their employee numbers over the period by 421. During the same period 4 companies increased their employee numbers by 18, with the net change in employment over the period and across the sector being 403.
It should be noted that LVCR still existed until the end of March during the period to which the information refers. Given business cycles, we do not expect to see the full impact of the removal of LVCR until the manpower returns of June 2013.