Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Was O2 or any of those other companies at immediate risk of otherwise going bust? Their rivals had already cut jobs at that point.


A business isn't going to do things this way, unless there are sound business reasons for doing so. Eg trying to avoid disruption because of inevitable strikes.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Is hiding stuff the default for this government?

https://www.theguardian.com/business...ing-says-union

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Tut tut, deliberately ignoring a relevant paragraph to suit your agenda :rolleyes:

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

If it’s being claimed by RMT Union that these employees were in Jersey jurisdiction for employment law and was sacked because of it, wtf it got to do with UK government?

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

I did read that bit, it was this bit I was talking about
They could have quite easily said yesterday what you quoted.

---------- Post added at 15:06 ---------- Previous post was at 15:04 ----------

Because they live in the UK and have paid UK tax? Was obviously something to do with the UK government if P&O Ferries staff qualified for furlough payments from them and not from the Jersey government.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

They will also now have to claim UK dole. As they’re all UK domiciled there may have been an obligation to tell the DfT, which it now appears they did, though whether they did it in a way that satisfies their obligations, I don’t know.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Well P&O still didn’t apply the legally required notice, or undertake any kind of consultation whether it be Jersey or UK law.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Going bust?

It’s parent company increased revenues and profits, according to its latest results…

https://www.marketwatch.com/story/dp...e-271646899806

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

It's also owned by Dubai-based logistics giant DP World. The bought it in 2019.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Parent company, and from PRE-COVID times.
The parent company handed over £100m to P&O to cover its losses.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Pretty sure that Covid was around in 2021 which is when its results in question are for.

The losses for P&O were £86m for y/e Dec 2020 and £40m for y/e Dec 2019 with a small profit of £9m for y/e Dec 2018. No other audited figures have been officially reported.
https://find-and-update.company-info...filing-history

But if a subsidiary company is loss-making, then its parent company could see it fall into administration.

If I was DP World and looking for a way out, my inclination would be to sell P&O to DFDS or another competitor. Its current course of action has just reduced the value of the business considerably and I speak as someone previously involved in selling businesses. If you don't have staff loyalty (or any staff) and customer loyalty then the only assets you have for sale are the ships. The business where you add value between the three areas is gone.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

And blaming UK workers for that when the company carries something like 10% of the traffic in and out of our ports is absurd. It has been chronically mismanaged.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

P&O made a £100m loss. Still the revenue and profits of the PARENT company, and NOT P&O.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

So you acknowledge that Covid was around in 2021 and Hugh wasn't just dreaming it?

P&O may well have made a loss of £100m in 2021, but I've not seen any audited figures confirming this.

Re: P&O Ferries disgracefully make 800 British Workers Redundant
 

Link
So based upon business pre-covid.
Link