Dubai-based billionaires behind P&O Ferries as it axs 800 jobs amid life crisis

P&O Ferries, owned by Dubai-based DP World, has asked the crew to return to port and await a ‘big announcement’ this morning as it has suspended all ships. A few hours later, the staff were escorted away because it was confirmed that 800 were made redundant

Sultan Ahmed Bin Sulayem of Dubai, chairman of Dubai-based logistics giant DP World

P&O Ferries has caused outrage after laying off 800 crew members and replacing them with cheaper agency staff.

Many of those fired were refused to leave the shipresulted in security guards with handcuffs being deployed to remove them.

The ferry operator, acquired by Dubai-based logistics giant DP World in 2019, claims decided to cut jobs is “very difficult but necessary” because it is “not a viable business” in its current state.

Railroad, Maritime and Transport (RMT) general secretary Mick Lynch said: “We received reports that security officers at Dover were attempting to board a handcuffed vessel to remove the crew. unions so that they can be replaced with cheaper labor.

“We are seeking urgent legal action and again call on the Government to take action to stop what is rapidly turning into one of the most shameful acts in the history of UK industrial relations. .”

Labor MP Karl Turner posted a photo on social media showing the captain of the Pride of Hull talking to workers on board.

“They have support across Hull and the rest of the country, and are determined to stay on board for as long as possible,” Mr Turner wrote.

Shadow transport department secretary Louise Haigh said bosses “can’t be allowed to waively fire workers and replace them with agency staff”.

The captain of The Pride of Hull talks to the workers on the ship



Some people who lost their jobs were Notice of decision on a video call. P&O has 2,200 employees remaining in the UK.

P&O Ferries said in a statement: “We lost £100 million year-on-year, paid for by our parent company, DP World. This is unsustainable.

“Our survival depends on making quick and significant changes now. Without these changes there is no future for P&O Ferries.”

But who is behind the controversial job cuts?

P&O began operating ferries in the 1960s.

In 2019, the company was acquired by Dubai-based logistics giant DP World, “a leading supplier of global trade”, for £332 million.

The company employs more than 36,500 global employees from 103 countries and works closely with governments, shipping lines and other key stakeholders.

It is one of the largest port operators globally, and is owned by the sovereign wealth fund of Dubai, chaired by Sultan Ahmed bin Sulayem, who is also the head of the country’s customs authority. Dubai.

In 2020, the company stands out after paying a dividend of £270 million to shareholders while P&O Ferries cut around 1,100 jobs due to travel problems during the period. Coronavirus pandemic.

Cruises were halted on Thursday morning and will remain suspended “for the next few days”, P&O Ferries told passengers



Port owner London Gateway – the center of the first controversial freedom campaign backed by the prime minister Rishi Sunakand was established by the government last year.

According to their website, DP World signed an agreement for the Northern Transport Corridor in July 2021.

DUP Congressman Jim Shannon said in a statement today: “I understand that 40% of the shares of P&O Ferries are owned by a Russian company.”

In a statement issued at the time of the announcement, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “DP World supports Russia’s efforts to diversify trade flows. between Asia and Europe.

“The Northern Transport Corridor offers the prospect of shortening transit times between East and West.”

The agreement was signed in St Petersburg by Sultan Ahmed Bin Sulayem, and Aleksey Likhachev, Director General of Rosatom.

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Fry Electronics Team

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