Byline: ROBERT LEA

HUNDREDS of jobs are under threat after P& O today announced plans to close ferry services between Dover and Zeebrugge as part of a [pound]150 million buyout of joint venture partner Stena.

It will also close loss-making routes out of Felixstowe.

The shipping group headed by long-term chief Lord Sterling announced it is buying Stena out of its 40% ownership of the cross-Channel P&O Stena Line venture put together four years ago.

It is paying [pound]150 million in cash for the stake, and Stena will receive a further ...

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