Where P&O Leads....

[B0ycey]

Nationalise? Are you mad? The only thing that would determine is that it loses for ever. Of course it has to adjust if losses are ongoing but this action is just so wrong it should be illegal.  I just wonder how many others are watching this unfold with interest. How many others would try the same given half a chance?

Why am I mad to support nationalisation? Given the losses which I suspect will be difficult to prevent even with reforms, it maybe P&Os only option. But in any case, I do hate Capitalists complaining about Capitalism. I agree that such a thing should be illegal but that is because I don't believe such a business should be in the private sector. It seems you do. So why does the decision making of the CEO for the interest of the shareholder bother you? That is the fundamental rule of Libertarianism T00ts. Morals and ethics are for the electorate to decide. My advice to you is you need to jump on the Socialism revolution and support nationalisation in key sectors for the benefit of the state. If you think Rand is right, you should be happy to lose unprofitable businesses and job losses.

[T00ts]

The £100mn loss is reoccurring though Cromwell. Like every business, if something isn't profitable you either reform it or you get rid of it. I can appreciate that people are protesting and have been treated badly and I support their right to protest. But it doesn't change the fact that something needs to change in this business if it is to survive. Now me, being me, I understand the importance of cross channel crossing so I will just state the bleeding obvious that P&O should be a nationalised business and if there are losses, the tax payer would pick up the bill and they would also gain the profits on good years. That would save the jobs and the business. But we have cavalier Tory Heyeknite Capitalists in charge and the number one rule with the invisible hand is the market dictates what businesses survive and what businesses don't. A 100mn loss business will not survive without changes. That is just a truth I am afraid.

Nationalise? Are you mad? The only thing that would determine is that it loses for ever. Of course it has to adjust if losses are ongoing but this action is just so wrong it should be illegal.  I just wonder how many others are watching this unfold with interest. How many others would try the same given half a chance?

[B0ycey]

Bloody right disgraceful company got furlough money from govt (us) whining they made a loss of £100 million the parent co in Dubai made £683 million last year sending heavies in with handcuffs and blackmail redundancy terms all done at a moments notice.

The £100mn loss is reoccurring though Cromwell. Like every business, if something isn't profitable you either reform it or you get rid of it. I can appreciate that people are protesting and have been treated badly and I support their right to protest. But it doesn't change the fact that something needs to change in this business if it is to survive. Now me, being me, I understand the importance of cross channel crossing so I will just state the bleeding obvious that P&O should be a nationalised business and if there are losses, the tax payer would pick up the bill and they would also gain the profits on good years. That would save the jobs and the business. But we have cavalier Tory Heyeknite Capitalists in charge and the number one rule with the invisible hand is the market dictates what businesses survive and what businesses don't. A 100mn loss business will not survive without changes. That is just a truth I am afraid.

[cromwell]

I just heard this on the news and the furore will no doubt grow. Some now redundant employees are apparently refusing to leave their ships. Massive losses are said to be the blame.

https://www.dailymail.co.uk/news/article-10622893/P-O-Ferries-suspends-sailings-ahead-major-announcement.html

Bloody right disgraceful company got furlough money from govt (us) whining they made a loss of £100 million the parent co in Dubai made £683 million last year sending heavies in with handcuffs and blackmail redundancy terms all done at a moments notice.

[T00ts]

I just heard this on the news and the furore will no doubt grow. Some now redundant employees are apparently refusing to leave their ships. Massive losses are said to be the blame.

https://www.dailymail.co.uk/news/article-10622893/P-O-Ferries-suspends-sailings-ahead-major-announcement.html