Giornale Roma - Dubai-owned P&O Ferries axes jobs to stay afloat

Breaking news

NYSE - LSE

RBGPF	-19.57%	69	$
JRI	0.71%	12.61	$
NGG	1.31%	87.99	$
RELX	1.07%	33.59	$
BCC	-2.57%	73.2	$
VOD	0.53%	15.21	$
BCE	-3.8%	24.45	$
CMSC	0.23%	22.04	$
RYCEF	5.63%	15.99	$
RIO	-0.38%	94.45	$
GSK	1.23%	56.69	$
BTI	0.67%	58.28	$
CMSD	0.49%	22.26	$
AZN	1.36%	203.49	$
BP	2.02%	47.12	$

Dubai-owned P&O Ferries axes jobs to stay afloat

BOULEVARD 17.03.2022

Dubai-owned P&O Ferries on Thursday suspended sailings as it axed 800 jobs, or more than a quarter of staff, to keep the company afloat.

Text size:

"As part of the process we are starting today, we are providing 800 seafarers with immediate severance notices," the company owned by DP World said in a statement.

It comes after P&O earlier Thursday suspended its passenger and freight ships.

P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands.

"P&O Ferries is not going into liquidation," it said.

The group has ordered all its ships to return to dock.

P&O has been badly hit by fallout from Covid lockdowns and travel restrictions over the last two years.

"In its current state, P&O Ferries is not a viable business," the group said Thursday.

L.Pagani--GdR