P&O Ferries Secures £400m Lifeline from Dubai Amid Controversy

The financial support follows mass layoffs and restructuring efforts that have drawn widespread criticism.

P&O Ferries received over £400m in loans from its Dubai-based owner DP World to avoid collapse after controversial layoffs.
The company faced backlash for firing nearly 800 British seafarers in 2022, replacing them with cheaper, non-European staff.
Despite the restructuring costs, P&O reported a £249m loss in 2022, down from a £375m loss the previous year.
New legislation in France and the UK mandating minimum wage standards threatens P&O's cost-cutting measures.
DP World considered pulling a £1bn investment from the UK after criticism from the Transport Secretary over P&O's actions.