Mail traffic: Quickmail’s bankruptcy is cheaper than a buyout offer from Germany

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Back is not a viable alternative to Quickmail because it would put creditors in a worse situation than bankruptcy, Erni said in an interview with “SonntagsZeitung” published on Sunday.

He has been in contact with Back for more than two years. Back I always just wanted Quickpack. He also doesn’t have a solution for creditors, instead he wants to go through a debt moratorium so he can get the business even cheaper, leaving creditors in a much worse situation than they would be in bankruptcy.

“I don’t see a future in Quickmail”

“I don’t see a future in Quickmail,” Erni said. The future is also uncertain when it comes to packages. Volume dropped again in January, and things won’t get any better in February.

The Competition Commission (Weko) announced on Friday that Swiss Post will not be allowed to take over Quickmail. According to Comco, an in-depth review showed that the acquisition would eliminate competition in the market for addressable bulk mailing items over 50 grams for business customers. Additionally, the postal service will have a dominant position in the market in other areas, such as the distribution of newspapers and magazines.

“Naive and irresponsible”

Quickmail Group, together with its two subsidiaries Quickmail and Quickpac, delivers unaddressed items and packages such as letters, advertising brochures, newspapers and magazines throughout Switzerland. According to the company’s own information, the jobs of 3,000 people are at risk.

Erni called Comco’s decision “naive and irresponsible.” The logistics company is in the process of reviewing possible legal action against the decision. However, it should be feared that the appeal decision will come too late. (SDA/smt)

Source :Blick