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.
UK Ministers open criminal investigation into P&O Ferries
Following the dismissal of 800 seafarers two weeks ago, a criminal investigation was opened against P&O Ferries.
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