Official announcements from DP World or UK government press releases

DP World Confirms £1 Billion Investment Creating 400 Jobs in London Gateway Port After Minister Criticism Ahead of Summit

Oct 12, 2024, 04:30 AM

DP World Ltd., the parent company of P&O Ferries, has confirmed that it will proceed with a £1 billion investment in its London Gateway port, following a tumultuous period of uncertainty sparked by recent criticisms from UK government ministers regarding P&O's employment practices. The investment announcement was initially put under review after Deputy Prime Minister Angela Rayner and Transport Secretary Louise Haigh labeled P&O as a 'rogue operator' due to its controversial labor practices, including the mass firing and rehiring of staff. This criticism led to fears that the investment would be shelved, causing embarrassment for the UK government ahead of its International Investment Summit scheduled for next week. However, after negotiations and efforts to mend relations, DP World has decided to move forward with the investment, which is expected to create 400 jobs. The situation highlights the ongoing tensions between the Labour government and business interests, particularly in light of the upcoming summit aimed at attracting foreign investment.