P&O Ferries owner reports record-breaking profits after mass sacking

29 comments
  1. Government still hasn’t convicted them after admitted to breaking the law when sacking their staff.

    Edit: to the people reading too much into this. No I don’t want the government to do anything outside of the law. However this company admitted too MPs that they broke the law and they are still operating in this company. So what I’m looking for is acknowledgement of the severity of this which I don’t think is too much from a government who has the reputation of attacking workers rights.

  2. That’s not unexpected, and probably has little to do with the sackings. DP World, the parent company, has always been profit making, and as mentioned in the article they get most of their money from other divisions.

    P&O ferries, on the other hand, has been haemorrhaging money for years, hence the recent restructuring and layoffs.

  3. I mean, yeah?

    It’s blatantly obvious replacing your work force with cheaper options would be a big driving force to record profits.

  4. And it wouldn’t surprise me if those profits were not taxed as their registered office is probably in a broom closet in Monaco

  5. Shocker, a company owned by the Emirates Royal family who’d rather see the world run on slave labour has made record profits.

  6. But they “had” to do it because the company was in “serious jeopardy”

    I guess “the company is in serious jeopardy” translates to “our profits may not be record breaking”

  7. Still a bit confused; are the two things actually related?

    Article says the parent company made $600m profits for the period and part of that was increasing revenues by $7bn+. Those numbers seem out of proportion with P and O (which i seem to remember wasn’t doing great anyeay after the negative publicity?)

  8. I mean if it’s legal now to straight up break the law to make record money I may as well go into the car theft and jewellery ram raid buisness. At least then I’m stealing from rich assholes instead of from workers.

  9. Sounds like there should be a mechanism to claw back a % of profits from those who break labour laws.

    Put it up with a mechanism to reduce shareholder payouts for entities subsisting on government funding. Money should stay in the country more often than not.

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