Jobs to go at P&O Ferries
by Graham Tutthill
Up to 70 jobs could go at P&O Ferries, the
company announced today. And there is a warning that pensions could
also be affected.
The move follows what it describes as a major
cost-saving initiative, focusing mainly on its head office at Dover
where 475 people are currently employed.
Chief Executive Helen Deeble said the company
had undertaken a wide-ranging review of its organisational
structures and all of its spending in order to identify savings
which will enable it to better compete with lower cost rivals “in a
highly competitive market”.
The resulting proposals, which are being put
to staff and their representatives today, could potentially result
in the loss of up to 70 jobs, mainly in the company’s central
shore-based support functions including IT, finance and call
The company says it has also made its
employees aware that it is reviewing the future affordability of
its final salary pension scheme arrangements, which will be the
subject of a further announcement in the next few weeks.
Consultations on the job cuts will start next
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