Home HRCompany Profiles Update from P&O on support for affected employees

Update from P&O on support for affected employees

by admin

Tuesday 22nd March 2022

  • P&O’s settlement with its workers is believed to be the largest compensation package in the British Marine Sector
  • 40 employees are receiving over £100,000
  • Pay-outs are linked to the period of service and in some cases are over £170,000
  • The total value of the financial settlement from P&O Ferries is £36,541,648
  • 575 of the 786 seafarers affected are in discussions to progress with the severance offers
  • P&O is paying (subject to settlement agreement):
    • 2.5 weeks’ uncapped salary for each year employed rather than the statutory 1 or 1.5 weeks (capped at £544)
    • Up to 13 weeks’ salary in lieu of notice
    • 13 weeks’ salary on top of this in absence of consultation period
    • Some employees are receiving 91 weeks’ pay and the chance of new employment
    • No employee will receive less than £15,000
  • Employees are also being given support to find a new job at sea or onshore
  • Support is being given to those who don’t get a new job
  • A comprehensive employee assistance programme is available
  • This was the basis for the original offers from last week

A spokesperson for P&O Ferries said: “This has been an incredibly tough decision for the business: to make this choice or face taking the company into administration.

“This would have meant the loss of 3,000 jobs and the end of P&O Ferries.

“In making this hard choice, we have guaranteed the future viability of P&O Ferries, avoided large-scale and lengthy disruption, and secured Britain’s trading capacity.”

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