Partner Article
500 job losses at Virgin Atlantic
Virgin Atlantic, which is based in Crawley, is expected to lose around 500 support and managerial roles through a combination of redeployment and redundancies.
The airline reported a return to profit earlier in March after three years of losses.
A spokesperson at Virgin Atlantic said: “This programme will be handled in a way that provides the best possible support to all those that are impacted.These changes will take place over the next few months, with a target of completing the programme by the end of the year.
“Virgin Atlantic is aiming to reduce its non-fuel costs through focusing on driving efficiency and simplicity throughout all areas of the business whilst delivering an even better customer experience,
“This reduction will make the airline more competitive, ultimately ensuring it can continue to invest in the overall Virgin Atlantic experience, loved by its customers.”
As part of a £300m programme of investment, the airline has aimed to install wifi on all its aircraft by the end of 2016.
The airline has also scrapped unprofitable routes as part of its ongoing development.
This was posted in Bdaily's Members' News section by Ellen Forster .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs