UK’s P&O Ferries slashes 800 jobs in bid to reverse losses
Britain’s P&O Ferries slashed 800 jobs in an effort to cut losses, igniting a clash with workers that’s playing havoc with all-important English Channel crossings.
By Siddharth Philip and Lizzy Burden, Bloomberg News
“In its current state, P&O Ferries is not a viable business,” the company said in a statement. “Our survival is dependent on making swift and significant changes now. Without these changes there is no future for P&O Ferries.”
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