Virgin Atlantic is set to ax over a thousand jobs in another round of layoffs.
Virgin Atlantic is preparing to sack another set of workers after the approval of its bailout. The report is coming up as the company’s 1.2 billion pounds ($1.59 billion) rescue deal is about to be completed this week after a London judge gave the go-ahead to the airline’s restructuring plan in a court hearing on Wednesday.
This decision to layoff more workers is a result of a slower-than-expected recovery in international demand for air travel. The layoff will be announced by the airline any moment from now. The report says.
If this latest round of cuts is confirmed, it would mean that Virgin Atlantic’s workforce has almost halved from about 10,000 people before the coronavirus pandemic.
Virgin Atlantic is 51 percent owned by Richard Branson’s Virgin Group and 49 percent by U.S.’s Delta Air Lines Inc. The company has had to close its Gatwick base and cut more almost 4,000 jobs to contend with the fallout from the pandemic, which has grounded planes and battered the travel business.
Share this:
Post a Comment