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VIRGIN ATLANTIC TO CUT 1.150 MORE JOBS

7 months ago | World Business News | 0 comments

By Xai Reyes

Virgin Atlantic is to cut 1,150 more jobs after completing a £1.2bn rescue plan that will secure its future for at least 18 months.

The airline had already cut more than 3,500 jobs out of the 10,000 employees it had at the beginning of the year.

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,” The airline added.

“The outlook for transatlantic flying, which is core to Virgin Atlantic’s business, remains uncertain with US-UK travel curtailed,” the airline added.

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