• About
  • Advertise
  • Privacy & Policy
  • Contact
VOPAM
Advertisement
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • World
  • Store
    • Shop
    • Cart
    • Checkout
    • My account
    • Wishlist
No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • World
  • Store
    • Shop
    • Cart
    • Checkout
    • My account
    • Wishlist
No Result
View All Result
VOPAM
No Result
View All Result
Home Business

Coronavirus: Virgin Atlantic to cut 1,150 more jobs

vopam by vopam
September 4, 2020
in Business
1 min read
0
Coronavirus: Virgin Atlantic to cut 1,150 more jobs

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,” it said.
The pandemic has had a severe impact on the aviation industry as lockdowns and quarantines hit air travel.

The company gained approval for the rescue plan from UK and US courts this week.
The £1.2bn deal involves £400m in new cash, half of which will come from its main shareholder, Sir Richard Branson’s Virgin Group.
“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”.
The carrier added that a 45-day consultation period would begin on Friday with unions.

Share this:

  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Skype (Opens in new window)

Related

Previous Post

Tech stocks slide as Wall Street goes into reverse

Next Post

The New Mutants: Director’s X-Men dream ‘cut in half by Hollywood reality’

vopam

vopam

Related Posts

Africa waits for Biden to unlock, reallocate $200b of IMF reserves
Africa

Africa waits for Biden to unlock, reallocate $200b of IMF reserves

December 29, 2020
1
Ethiopia: Mekelle’s banks reopen for first time since Tigray war
Africa

Ethiopia: Mekelle’s banks reopen for first time since Tigray war

December 29, 2020
4
Uganda welcomes first Airbus
Africa

Uganda welcomes first Airbus

December 23, 2020
3
Go tell it: Spending the holidays touring the slopes of Kilimanjaro
Africa

Go tell it: Spending the holidays touring the slopes of Kilimanjaro

December 21, 2020
0
Tanzania to resume oil, gas negotiations in 2021
Africa

Tanzania to resume oil, gas negotiations in 2021

December 19, 2020
7
Kenya: Comesa counts pandemic linked economic losses
Africa

Kenya: Comesa counts pandemic linked economic losses

December 18, 2020
0
Toxic pollutants from burnt plastic taint eggs in Kenya and Tanzania
Africa

Toxic pollutants from burnt plastic taint eggs in Kenya and Tanzania

December 18, 2020
0
Uganda refinery too costly, likely to lower value of regional pipeline – CPI
Africa

Uganda refinery too costly, likely to lower value of regional pipeline – CPI

December 17, 2020
0
Next Post
The New Mutants: Director’s X-Men dream ‘cut in half by Hollywood reality’

The New Mutants: Director’s X-Men dream ‘cut in half by Hollywood reality’

Cuties director ‘received death threats’ over Netflix film poster

Cuties director 'received death threats' over Netflix film poster

Leave a Reply Cancel reply

Stay Connected test

  • 79 Followers
  • 33k Followers
  • 56.2k Subscribers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Football Players In Germany Go Naked In Artist Protest

Football Players In Germany Go Naked In Artist Protest

August 17, 2020
Mahama Will Be Free From Tracey Boakye’s Blackmail, Threats For Properties Soon — Gloria Kani [Video]

Mahama Will Be Free From Tracey Boakye’s Blackmail, Threats For Properties Soon — Gloria Kani [Video]

August 13, 2020
Nigerian Prophet TB Joshua Releases Prophecy For Donald Trump

Nigerian Prophet TB Joshua Releases Prophecy For Donald Trump

August 28, 2020
Police probe Argyll Ballet West school abuse allegations

Police probe Argyll Ballet West school abuse allegations

August 20, 2020
Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

0
Agona East District records first COVID-19 case

Agona East District records first COVID-19 case

0
Adjust to live with novel coronavirus – Health Minister

Adjust to live with novel coronavirus – Health Minister

0
Hotel refuses accommodation to health workers over GH¢ 219,000 debt

Hotel refuses accommodation to health workers over GH¢ 219,000 debt

0
Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020
Prominent Ivory Coast opposition figure released from prison

Prominent Ivory Coast opposition figure released from prison

December 31, 2020
German health minister defends European solution to vaccine orders

German health minister defends European solution to vaccine orders

December 30, 2020

Recent News

Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
0
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020
3
Prominent Ivory Coast opposition figure released from prison

Prominent Ivory Coast opposition figure released from prison

December 31, 2020
2
German health minister defends European solution to vaccine orders

German health minister defends European solution to vaccine orders

December 30, 2020
3
Facebook Twitter Youtube Instagram
VOPAM

Follow Us

Browse by Category

  • Africa (752)
  • Business (482)
  • Entertainment (410)
  • Local News (351)
  • News (2,119)
  • Politics (383)
  • Sports (503)
  • uncategorized (70)
  • World (314)

Recent News

Sudan protests activist’s torture and killing

Sudan protests activist’s torture and killing

December 31, 2020
Year in Review: Breakdown of major talking points from the sports industry

Year in Review: Breakdown of major talking points from the sports industry

December 31, 2020

© 2020 Voice of Pan African Media. All Rights Reserved

No Result
View All Result

© 2020 Voice of Pan African Media. All Rights Reserved