Article 62NC0 P&O Ferries owner reports record-breaking profits after mass sacking

P&O Ferries owner reports record-breaking profits after mass sacking

by
Rupert Neate Wealth correspondent
from World news | The Guardian on (#62NC0)

DP World called corporate gangster' after announcing half-year profits of 600m

The Dubai-based owner of P&O Ferries has been accused of behaving like corporate gangsters" after celebrating record-breaking profits just months after sacking 800 of its UK based workers without notice.

DP World, which is ultimately owned by the Dubai royal family, said in March that firing 786 P&O seafarers and replacing them with much cheaper agency workers was the only way to ensure the future viability" of the historic ferry business.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments