P&O Ferries is offering £36.5 million in compensation to sacked staff, with 40 employees in line for packets of more than £100,000. It comes after nearly 800 workers were fired without notice last week.
The company said payouts would be linked to the period of service, and in some cases exceed £170,000. A spokesman for Business Secretary Kwasi Kwarteng confirmed the Government had received a letter from P&O in response to his questions about the shock move by the 5pm deadline on Tuesday (March 22).
The total value of the settlement is £36,541,648, P&O said. Employees are also being given support to find a new job at sea or onshore, while the company added that 575 of the 786 seafarers affected are in discussions to progress with the severance offers.
