Cruise firm Carnival UK withdraws threat to fire and rehire more than 900 staff

Operator of P&O Cruises and Cunard fleets agrees to consult with seafarers’ union over any proposed changes to employment contracts

Carnival UK has committed not to fire and rehire its cruise ship staff, after it was revealed that the company had made provisions to potentially dismiss and re-engage more than 900 seafarers on its P&O Cruises and Cunard fleet.

The cruise operator’s Bermuda-based employment firm last week notified authorities including the UK Insolvency Service of a consultation to vary the terms and conditions of 919 maritime workers across its 10 UK-based ships.

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P&O to restart UK cruises this summer – but only for vaccinated passengers

Short-sailings around UK with dining and entertainment to restart but ships will not call at ports

Cruise operator P&O is to restart domestic holidays this summer, but only for UK residents who have been fully vaccinated against Covid-19.

After its fleet has been grounded for over a year, P&O is dipping its toes back in the water by offering passengers short sailings on two of its ships around the UK coastline. Coronavirus restrictions mean the ships will not call at any ports, although there will be the usual onboard dining and entertainment programme.

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Sterling reaches $1.39 in best performance for three years

FTSE 100 posts biggest daily gain for over a month as investors buoyed up by vaccine and US economy hopes

The pound has hit its highest level against the dollar for almost three years as global markets were buoyed up by hopes for a faster economic recovery from the coronavirus pandemic.

Sterling rose by 0.5% to hit a 33-month high against the dollar on Monday, trading above $1.39 on the global currency markets for the first time since 2018, while also rising to a nine-month high against the euro of almost €1.15.

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US and European markets dip as Covid containment efforts founder

Investors’ summer optimism gives way to insecurity as curfews and lockdowns return

Stock markets in the US and Europe fell sharply oas investors focused on signs that rich countries’ efforts to contain the coronavirus pandemic were foundering.

In Europe, the Stoxx 600 index lost 1.8% after heavy falls in German blue-chip stocks. In the US the Dow Jones industrial average closed 2.3% down at 27685.38, while the benchmark S&P 500 fell 1.9% to 3400.97.

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Cruise firm Carnival slashes jobs and pay in face of Covid-19 crisis

World’s largest cruise company declines to give details for extent of redundancies

Cruise ship company Carnival has announced a wide-ranging programme of job losses and pay cuts as it desperately seeks to cut costs in the face of the coronavirus pandemic.

The world’s largest cruise company said it would save “hundreds of millions of dollars” over the course of a year after making the cuts but declined to give details of the extent of redundancies and furloughs.

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Carnival to resume cruises in August despite infections and deaths on ships

Eight cruise ships to resume operations from 1 August, sailing from Texas and Florida

Carnival Cruise Line has announced plans to resume operations at the beginning of August despite dozens of deaths on cruise ships during the Covid-19 pandemic and investigations into the industry’s possible role in spreading the disease around the planet.

In a statement on Monday, the operator said eight cruise ships would resume operations from 1 August, sailing from Galveston, Texas, and Miami and Port Canaveral in Florida, once a no-sail order from the Centers for Disease Control and Prevention (CDC) had expired.

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