P&O Ferries Invests £47M in Restructuring to Cut Losses and Move Toward Profitability P&O Ferries, the longstanding British ferry operator, spent over £47 million in 2022 on a massive operational overhaul. This restructuring, which involved the controversial dismissal of 786 primarily British seafarers, was aimed at cutting costs, reducing losses, and reestablishing financial stability. By […]
The Home Office announced that the Border Force agency’s agreement with P&O would now be terminated. “In response to P&O Ferries’ unacceptable behaviour, Border Force has terminated its agreement with P&O to provide contingency travel services to juxtaposed ports with immediate effect,” a Home Office spokesperson said. Transport secretary Grant Shapps said in a tweet, […]
Shapps will warn P&O CEO Peter Hebblethwaite that new legislation will require all ferry companies operating from ports to pay their staff at least the minimum wage. Speaking to the Financial Times, an aide said that Shapps “will tell Hebblethwaite that if he doesn’t perform a U-turn, we will force him to do it anyway”. […]
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