Virgin Atlantic Could Axe Over 3,000 Jobs In A Bid To Survive The Effects Of Coronavirus

It’s been reported by the Financial Times an internal post to staff confirms Virgin Atlantic could be axing 3,150 jobs while battling to come back from the impact of the Coronavirus.

In an internal post to staff, seen by the FT, Shai Weiss, chief executive at Virgin Atlantic, warned current cost measures and support packages were “not enough”. 

They go on to report he wrote: “If we are to safeguard our future and emerge from this crisis a sustainably profitable business, now is the time for further decisive action to reduce our costs and preserve cash.”

This would mean a third of its UK staff would be set to lose their jobs.

The airline, majority-owned by Sir Richard Branson’s Virgin Group, is not the only company in the aviation industry to take a dramatic turn this week.

British Airways has begun consulting on up to 12,000 redundancies, while Ryanair has said it plans to axe 3,000 jobs.

The FT reported the company would intend to keep its base at Gatwick and retain its slots by leasing them out to other airlines, which should give them the option to return when the aviation market returns to normal.

It’s 43-strong fleet will be reduced to 36 leaving three, more efficent and environmentally friendly, plane types rather than the Boeing 747’s – A350, B787 and A330-300s. 

More to follow….

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