Emma Hardy MP, the Labour MP for Hull West and Hessle, has joined calls for the Pensions Regulator to investigate whether P&O has broken pension rules by failing to pay its share of contributions into the Merchant Navy Ratings Pension Fund.
A story in the Daily Mirror recently suggested that P&O owed the fund, which is pays the pensions for tens of thousands of maritime workers, £146 million. This news comes as it is revealed that P&O’s parent company DP World spent £147 million sponsoring the 2022 European Golf Tour.
P&O Ferries also applied for covid support from the Government and cut 1000 jobs.
Emma Hardy MP said in reaction to the news:
“Hull has a proud fishing heritage and I know that many in Hull West and Hessle remain employed in the shipping industry.
I believe that it is absolutely appalling that DP World seems to have spent money owed to hard-working employees on sponsoring a golf tournament.
It is simply not good enough that the Government has allowed DP World to break pension promises. The Government must urgently review this situation.”
You can view Emma’s full statement here: https://fb.watch/aOpy4_M11B/