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The Guardian - UK
The Guardian - UK
Business
Simon Goodley

P&O Ferries spent £47m on mass layoffs amid financial woes, accounts show

P&O ferry moored at the Port of Dover in Kent.
A P&O ferry moored at the Port of Dover in Kent. Photograph: Gareth Fuller/PA

P&O Ferries spent more than £47m on sacking hundreds of UK seafarers in 2022, according to its long overdue accounts that will be published in the coming days.

The filings, which the Guardian has seen, confirm the financial cost of the company’s actions two and a half years ago when it outraged the public and parliament by dismissing 786 mainly British ferry workers – and then largely replacing them with low-cost agency staff from countries including India, the Philippines and Malaysia.

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