500 jobs cut by Virgin Atlantic
Richard Branson’s Virgin Atlantic has announced plans to cut 500 jobs by the end of the year.
Support and managerial roles will be cut as part of its shift in focus to long term improvement and resilience.
Virgin, which has a HQ at Manor Royal, said cuts will be achieved through a combination of redeployment, redundancies and ‘natural attrition’, meaning staff leaving on their own accord.
They will take place over the next few months with the whole job reduction programme expected to be completed by the end of the year.
The airline said after taking Virgin Atlantic back to profitability in 2014, it is now working to grow to record levels of sustained profitability by 2018, by shifting focus to long-term improvement and resilience,
In a statement on 30 June, Chief Executive Officer Craig Kreeger said: “No matter what the external environment may bring.
“To truly position Virgin Atlantic for long-term and sustained success, we need to be a more efficient and agile organisation that has the ability to invest even more in the areas that make Virgin Atlantic’s customer experience unique.
“As a people oriented business, these are extremely tough decisions to take, but we know they are necessary to secure our future. We have delivered against a successful recovery programme and now it is time to realise our full potential.”
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