S-Westerly Posted March 26, 2022 Share Posted March 26, 2022 5 hours ago, Bianco2564 said: My understanding is the jobs aren't redundant, they just want to cut the wages bill? They said they were running at £100m a year loss, but could find £36m to cover redundancies? P & O now owned by Dubai only want to slash wages to increase their already significant profits. They made a loss in 2020/2021 but that was during Covid so not exactly a surprise. They still managed to pay out a £270 million dividend to shareholders. Regardless of the legality or otherwise of what they've done it is morally reprehensible imo. 3 Quote Link to comment Share on other sites More sharing options...
Bender Posted March 26, 2022 Author Share Posted March 26, 2022 3 hours ago, fullscreenaging said: What profits though? Running at 100m loss. Parent company is huge Carnival Corporation & plc Over 1billion in 2018. Who knows what's been said to those running p&o, could have been cut costs or your all out of a job or cut costs and you can have a pile of gold 1 Quote Link to comment Share on other sites More sharing options...
fullscreenaging Posted March 26, 2022 Share Posted March 26, 2022 Ahhh ok cheers. Didn’t know that. 1 Quote Link to comment Share on other sites More sharing options...
Bender Posted March 26, 2022 Author Share Posted March 26, 2022 29 minutes ago, fullscreenaging said: Ahhh ok cheers. Didn’t know that. Me neither to start with, press just reported the headline bit, neglected the parent company bit. 1 Quote Link to comment Share on other sites More sharing options...
S-Westerly Posted March 26, 2022 Share Posted March 26, 2022 (edited) 5 hours ago, Bender said: Parent company is huge Carnival Corporation & plc Over 1billion in 2018. Who knows what's been said to those running p&o, could have been cut costs or your all out of a job or cut costs and you can have a pile of gold P&O Ferries are NOT owned by Carnival Cruises. They were spilt off from P&O Cruises 20(?) years ago. P&O Ferries are basically owned by Sheikh Al Makhtoum, Emir of Dubai who is the principal owner of DP World who actually owns P&O Ferries. They also own a lot of ports / terminals around the world as well as major shipyards. Totally different organisations. Edited March 26, 2022 by S-Westerly 1 Quote Link to comment Share on other sites More sharing options...
Bender Posted March 26, 2022 Author Share Posted March 26, 2022 58 minutes ago, S-Westerly said: P&O Ferries are NOT owned by Carnival Cruises. They were spilt off from P&O Cruises 20(?) years ago. P&O Ferries are basically owned by Sheikh Al Makhtoum, Emir of Dubai who is the principal owner of DP World who actually owns P&O Ferries. They also own a lot of ports / terminals around the world as well as major shipyards. Totally different organisations. See what you get for googling , I remember dp World being mentioned, same thing regards payouts, it wasn't p&o that paid out 200m in divis. Quote Link to comment Share on other sites More sharing options...
Mississippi Bullfrog Posted March 27, 2022 Share Posted March 27, 2022 8 hours ago, Bender said: See what you get for googling , I remember dp World being mentioned, same thing regards payouts, it wasn't p&o that paid out 200m in divis. P&O are divis. 2 2 Quote Link to comment Share on other sites More sharing options...
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