800 staff have been made redundant by P&O Ferries, with immediate effect, but we are told administration is not on the cards.
According to the latest news, all P&O Ferries have been asked to discharge their passengers and cargo and await further instructions. ‘Significant disruption’ is expected to services over the next few days and all services have been cancelled, with the business being described as not viable as it is current.
The company say that those who have been made immediately redundant will be offered ‘enhanced’ severance packages. They say it was a ‘necessary decision’ to protect its remaining 2,200 staff.
A ferry operator remarked that for there to be a future for P&O Ferries, changes must be made to its finances. Currently they have been making a £100m loss year on year, which parent, DP World, have covered.
Members of the public have shared on social media about the event, expressing the mayhem being caused on the roads, with lorries building up around Dover. Trade unions are stepping in to do what they can to help their members who had no pre-warning of this.
Sky News report the news in further depth.