The chief executive of P&O Ferries, Peter Hebblethwaite, is stepping down three years after sparking outrage by sacking nearly 800 workers and replacing them with cheaper agency staff.
The long-term outlook for P&O Ferries remains uncertain.
MPs are raising concerns over P&O Ferries’ financial stability, despite the company providing written assurance that it has sufficient funds to continue operating, according to a report by ITV.
P&O Ferries owner withdraws £1bn UK investment following criticism from Deputy PM over employment practices
DP World, the owner of P&O, has paused a £1bn expansion of one of the UK’s largest container ports following criticism from government officials over the ferry company’s employment tactics.
The UK Transport Secretary will meet with bosses from DFDS and Stena Line on Monday
Grant Shapps will hold crisis talks this week with P&O Ferries’ competitor’s operators, as ministers try to avoid chaos at ports during the Easter holidays.
Share Talk Weekly Stock Market News, Sunday 20th March 2022.
UK Ministers have warned Dubai’s P&O Ferries owner that it is now at risk of its participation in the Government’s flagship freeport scheme. This warning comes after P&O Ferries fired