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Virgin Atlantic To Cut Another 1500 Jobs

[UK] Virgin Group has announced that they are cutting another 1500 jobs, on top of the 3500 job cuts they announced in August due to low travel demand.


Virgin Atlantic To Cut Another 1500 Jobs

Virgin previously announced, due to the Coronavirus pandemic, 3,500 of their 10,000 staff will lose their jobs. In August, there was some good news when Virgin managed to put together £1.2bn Rescue Deal to save the airline. At the time, Virgin said:
Virgin has previously announced 3,500 job cuts, but they have said the remaining 6,500 jobs should now be secure.

Sadly, Virgin (via the BBC) has announced that a further 1,500 jobs will be cut. The airline said it had to cut costs in order to survive.
"Until travel returns in greater numbers, survival is predicated on reducing costs further and continuing to preserve cash," it said.
"The outlook for transatlantic flying, which is core to Virgin Atlantic's business, remains uncertain with US-UK travel curtailed," the airline said.
It said the past six months had been "the most challenging in Virgin Atlantic's history", and that "regrettably the airline must go further one last time with changes at scale, to ensure it emerges from this crisis"


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This article was posted on 04-Sep-2020
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