P&O Ferries is owned by DP World of Dubai. It transports people and goods between England and the European continent. The Brexit and the corona crisis have had a major impact on the company’s financial condition. As a result of the war in Ukraine, rising energy prices have been added.
According to P&O Ferries, this operation is therefore necessary to secure the company’s long-term future. The company says it has lost 100 million pounds year after year. We had to act quickly, he said. And there will also be compensation payments for the fired crew members.
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