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In January the following year, P&O purchased a 50.01% interest in European Financial Holdings Ltd, which held 20.8% of shares in European Ferries, [1] followed in 1987 with the purchase of the remaining shares of the European Ferries Group whose ferry services were trading as Townsend Thoresen.
In 1975, P&O established Pandoro for operation of the company's Irish Sea RO-RO routes. Pandoro was an acronym for P and O Ro. In 1998 P&O European Ferries (Irish Sea) Ltd was formed by the internal merger of Pandoro Ltd. and P&O European (Felixstowe) Ltd., to run the Irish Sea routes.
LONDON (Reuters) -Britain's P&O Ferries made 800 staff redundant with immediate effect and suspended crossings for the next few days, sparking a backlash from politicians and unions over reports ...
DP World was criticised for paying a £270 million dividend to shareholders at the end of April 2020 while P&O Ferries cut around 1,100 jobs as demand for travel collapsed due to the coronavirus ...
The chief executive of P&O Ferries should be “behind bars” after sacking 800 seafarers, a trade union president has said. Peter Hebblethwaite replaced the workers with cheaper staff in order ...
P&O European Ferries (formerly Townsend Thoresen), a division of P&O Ferries, was a ferry company which operated in the English Channel from 1987 after the Herald of Free Enterprise disaster, when Townsend Thoresen was renamed P&O European Ferries, until 1999 when the Portsmouth Operations became P&O Portsmouth and the Dover Operations were merged with Stena Line AB to make P&O Stena Line.
The boss of P&O Ferries has insisted he will not reverse the decision to sack nearly 800 seafarers despite being given “one further opportunity” by Transport Secretary Grant Shapps.
MV P&O Pioneer is a roll-on/roll-off cross-channel hybrid ferry operated by P&O Ferries.She is the first of her class ordered by P&O Ferries to replace the ageing Pride of Kent, with her sister P&O Liberte [2] due to follow in early 2024 to replace the ageing Pride of Canterbury and also Spirit of Britain in 2024 which has been chartered to Irish ferries.