P&O Ferries: Ferry Firm Cancels Service, Is Said to Cut Hundreds of Jobs - Bloomberg
British transportation firm P&O Ferries called its ships in to port ahead of a move to cut hundreds of jobs, according to people familiar with the matter.
The ferry company, owned by Dubai-based DP World, carries people and goods across the vital English Channel between England and France, and is a major operator at other U.K. ports. Brexit and Covid-19 took a toll on its finances, while more recently, the Russian invasion of Ukraine has driven up the cost of energy.
A spokesman for P&O confirmed the company had suspended services ahead of a major announcement.
“Until then, services from P&O will not be running and we are advising travelers of alternative arrangements,” the spokesman said in an email.
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