Quote:
Originally Posted by Skybird
According to the article in the Independent that Jim linked to, P&O said the current business model is "not sustainable".
Could be the truth on the economic reality. Could be greed by investors. I cannot judge it. One would need to see the internal numbers of theirs.
Edit:
I do not want to comment on or excuse the fashion in which employees got informed that "today is your last working day". If these reports are true, it is rude, no doubt.
My initial question howerer - greed or economic need - remains valid, however. Germ media say P&O had 120 million Euros/100 million Pound in losses last year alone, that had tpo be comepsnated for by the mother company DB in Dubai. .
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Yet it is being reported that dividend payouts to shareholders from the parent company amounted to £270 million.