The filings, which the Guardian has seen, confirm the financial cost of the company's actions two and a half years ago when it outraged the public and parliament by dismissing 786 mainly British ferry workers and then replacing many with low-cost agency staff from countries including India, the Philippines and Malaysia.
The scandal re-emerged last month when the prime minister, Keir Starmer, rebuked his transport secretary, Louise Haigh, after she referred to the ferry operator as a "rogue operator". DP World, P&O's Dubai-based owner, had reportedly threatened to pull out of a £1bn investment in the UK over the comments.
P&O had always argued the sackings were necessary to save the company. The accounts, which are almost 11 months late, illustrate the business's dire financial condition.
This story is from the November 14, 2024 edition of The Guardian.
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This story is from the November 14, 2024 edition of The Guardian.
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