United Kingdom based P&O Ferries has made 800 staff redundant and suspended all crossings.
The company cited a $179 million year-on-year loss due COVID travel restrictions, which had been covered by parent company DP World.
The shock move caused delays around Britain’s busiest port, Dover, and sparked threats of a standoff after trade unions told their members not to leave a vessel docked there.
The Dubai owned cruise ship giant says it is not going into liquidation – despite being hit hard by COVID.
