Yesterday (5 May), Virgin Atlantic announced it would cut more than 3,000 jobs in the UK – almost a third of its UK […] Latest cuts bring total job losses to 4,300, with extra 600 cabin crew put on extended furlough, Last modified on Sat 5 Sep 2020 04.37 BST. Virgin Atlantic Airways CEO Steve Ridgway said yesterday that the carrier will cut its winter capacity by 7% year-over-year, putting up to 600 jobs in jeopardy. Tui – 8,000 jobs13 May: Travel company Tui plans to cut up to 8,000 jobs worldwide in response to the coronavirus chaos engulfing the tourism industry. New EVP Customer. He called for "urgent government action" to introduce passenger testing to help remove travel restrictions. The carrier added that a 45-day consultation period would begin on Friday with unions. Pilots union Balpa said that it hoped to avoid pilot redundancies. Virgin Atlantic is cutting more than 3,000 jobs and shutting down its Gatwick operation - but will continue to fly from Manchester Airport. The refinancing scheme, announced in July after Virgin’s attempts to solicit government help were rebuffed, was rubber-stamped by both UK and US courts this week after creditors voted to accept a 20% haircut and defer repayments from the airline, worth around £450m. Sam Tarry, Labour MP for Ilford South. The restructuring of Virgin Atlantic’s workforce will follow a week of brutal job losses across Britain’s aviation industry. Joint Venture Agreement. Only the Guardian can see your contributions and one of our Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020. The Unite union said news of more job losses was “a searing indictment of the cavalier way that the government has treated the aviation sector, which is key to the health of the British economy.”, Weiss said it was crucial that passenger tests for Covid-19 were introduced to end travel restrictions and quarantine, while protecting public health. Airlines, airports and tour firms have collectively shed thousands of jobs. "The outlook for transatlantic flying, which is core to Virgin Atlantic's business, remains uncertain with US-UK travel curtailed," the airline said. Virgin Atlantic to cut 500 jobs. By Molly Dyson / 5 May 2020 / Contact Reporter. Virgin Atlantic has made more than 3,000 members of staff redundant as it struggles to survive the coronavirus crisis. 'Mosul is healing': Rebuilding the historic city. You can get in touch by filling in the form below, anonymously if you Virgin Atlantic will reduce its schedule, prioritising core routes based on customer demand. Virgin Atlantic has announced it is to cut more than 3,000 jobs in the UK and end its operation at Gatwick airport. Sound of Music star Christopher Plummer dies at 911, Russia expels diplomats over Navalny protests2, Romania baptism death sparks calls for change3, Actress shares story of 'nightmare' nose surgery4, Woman, 95, accused over 10,000 Nazi camp murders5, US congresswoman who supported QAnon loses key post6, What Biden's foreign policy 'reset' really means7, Parish council Zoom host 'surprised' by reaction8, Myanmar teachers join growing anti-coup protests10. The latest breaking news, ... Virgin Atlantic and easyJet staff to help with Covid vaccine efforts. Virgin Atlantic has made more than 3,000 members of staff redundant as it struggles to survive the coronavirus crisis. ... before British Airways announced redundancies for up to 12,000 staff. Virgin Atlantic has announced it will make more than 3,000 staff redundant in the UK and will cease operations from Gatwick airport as it struggles with the financial impact of the coronavirus pandemic. To try to cut down on crew redundancies, it said it would introduce a voluntary, company-financed furlough scheme for 600 crew members when the government-backed scheme ends in October. On paper the slots are an asset for the future; but at present it’s impossible to define what that future value might be. In relation to the delay in testing at airports, a spokesperson for Virgin Atlantic warned that “every day counts” and that 500,000 jobs were at risk in the industry. As a direct consequence we will be parking approximately 75% of our fleet by 26 March and at points in April will go up to 85%. Virgin Atlantic chief executive Shai Weiss said: "Together, we have achieved what many thought impossible and that is down to the efforts and sacrifices of so many across the company.". Well now it is just another being made redundant.. "No airline is immune from the recession," said Virgin Atlantic chief executive Steve Ridgway. But including HSBC’s 35,000 redundancies planned before coronavirus struck, the total is closer to 150,000. Promoted Listen to the latest songs , … Virgin Atlantic has written to its pilots asking for volunteers to operate flights in July, admitting it didn’t have enough crew to cover all flights, following the announcement from the airline regarding the resumption of flights next month. Crawley-based Virgin Atlantic is to lose around 500 support and managerial roles, which will be achieved through a combination of employees leaving, redeployment and redundancies. Russia expels diplomats over Navalny protests, HK schools to monitor children for protest support, The voter fraud claims that led to a coup, Why Rihanna's farmer tweet prompted India backlash, Actress shares story of 'nightmare' nose surgery, How Facebook became Myanmar's 'digital tea shop', What Biden's foreign policy 'reset' really means, 'Mosul is healing': Rebuilding the historic city. Government 'overseeing the demise of UK aviation', Virgin Atlantic wins backing for £1.2bn rescue bid, Virgin Atlantic to cut 3,000 jobs and quit Gatwick, Myanmar teachers join growing anti-coup protests. Virgin Atlantic’s job cuts are the latest blow to the UK and Irish aviation industries, with tens of thousands of redundancies planned. There may be fares available to US cities indirectly from LON and MAN included in the sale. “The thing that makes Virgin Atlantic is not the glitz and the glamour, it’s the heart and soul,” he said. Shai Weiss, Virgin Atlantic’s chief executive, said it was a bittersweet day: “Together we have achieved what many thought impossible… The completion of the private-only, solvent recapitalisation of Virgin Atlantic removes much of the uncertainty we faced and represents a major step forward in our fight for survival.”, He added: “After the sacrifices so many of our people have made, further reducing the number of people we employ is heartbreaking, but essential for survival.”. ... live score and latest … The company is hoping its £1.2bn rescue plan will enable it to ride out the storm. The Virgin Atlantic winter sale is applicable to savings on all Virgin Atlantic flights, including Delta Air Lines US non-stop markets. More than 18,000 redundancies have been announced across British Airways, Ryanair and Virgin Atlantic, with airlines expecting dramatically reduced demand for several years. The airline said it had to cut costs in order to survive. Virgin Atlantic has announced the completion of the £1.2bn private-only solvent recapitalisation of its airline and holiday business, a major step forward in securing its future. "Every single job lost to this crisis is a tragedy and we are doing everything we can to mitigate job losses across the board," said Balpa general secretary Brian Strutton. It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal. International Airlines Group plans to … Virgin Atlantic has announced plans to cut 3,150 jobs at the airline. Flybe – 400 jobs5 March: Flybe, Europe’s largest regional airline, collapsed into administration with the loss of more than 2,000 jobs, less than two months after a government bailout. The shareholders, Branson’s Virgin Group and US carrier Delta, have also deferred £400m in payments, and credit card companies have agreed to support the deal and keep funds flowing. Flybe Statement 2–19 December. It has already completed a series of eight cargo flights in April, in partnership with the Department of Health and Social Care and the NHS, to bring back over 120 tonnes of essential medical supplies and PPE from China, including 3.5 million … Safran – 400 jobs23 April: French aircraft seat maker Safran made 400 job cuts at its UK operations, including a plant in Cwmbran. Virgin Atlantic has written to its pilots asking for volunteers to operate flights in July, admitting it didn’t have enough crew to cover all flights, following the announcement from the airline regarding the resumption of flights next month. Airbus – 1,700 jobs30 June: The European planemaker announced plans to cut 15,000 jobs, including 1,700 in the UK, as it warned the coronavirus pandemic had triggered the “gravest crisis” in its history. In total, 3,150 roles are to be lost across all departments at the… Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020. © 2021 BBC. The Restructuring Plan has been sanctioned by the English High Court and formally recognised in the US court. British Airways has begun consulting on up to 12,000 redundancies, while Ryanair has said it plans to axe 3,000 jobs. Virgin Atlantic is operating cargo flights to bring more than 43 million items of PPE to the UK throughout May, June and July. British Airways – 12,000 jobs28 April: The UK flag carrier plans to make up to 12,000 of its staff redundant, a reduction of one in four jobs at the airline, with cabin crew, pilots and ground staff affected. In recent days, four conglomerates based in Britain and Ireland—British Airways, Virgin Atlantic, Rolls-Royce and Ryanair—have announced they will … The airline had already cut more than 3,500 jobs out of the 10,000 employees it had at the beginning of the year. It’s not clear that they have got that much liquidity, and the scale of the challenge is large.”. Virgin Atlantic will reduce its schedule, prioritising core routes based on customer demand. Now boarding - Virgin Atlantic and Delta unveil new schedule between U.K. and United States. Swissport – 4,500 jobs24 June: Swissport, which handles passenger baggage and cargo for airlines, has begun a consultation process to make 4,556 workers redundant, more than half of its 8,500 UK workforce. Virgin Atlantic Boeing 747-700. Welcome to Virgin Atlantic. “For all airlines, long-haul flying is going to be a long time in recovery, with less high-profit margin business travel – a large amount of that capacity is not coming back,” he added. Virgin Atlantic doubles Indian services with new route to Mumbai. Flybe Statement 2–19 December. Aer Lingus – 900 jobs1 May: The Irish flag carrier, part of International Airlines Group (IAG), plans to cut 900 jobs. Rolls-Royce – 9,000 jobs3 June: The jet-engine manufacturer has confirmed that 3,000 job cuts, of a planned 9,000 worldwide, will be made in sites in the UK. UK pilot union to talk to Virgin Atlantic, hopes to avoid more redundancies The airline said it was reshaping its business to ensure it remained strong during the economic downturn. Coronavirus: Virgin Atlantic puts advisers on standby as industry teeters. The lay-offs are the latest from an industry caught in turbulent times. Your contact details are helpful so we can contact you for more information. The latest … The package includes a pledge of £200m from Sir Richard Branson’s Virgin Group, the airline’s biggest shareholder, and creditors agreeing to reduce and defer Virgin Atlantic’s debts. Bombardier – 600 jobs11 June: The Canadian planemaker will cut 600 jobs in Northern Ireland, as part of 2,500 redundancies announced in June. Virgin Atlantic announced more than 1,000 additional job cuts on Friday as it became the latest company to lay off large numbers of people. Joint Venture Agreement. The number of aviation jobs expected to be lost due to the coronavirus crisis continues to climb, with Virgin Atlantic, General Electric and Rolls-Royce among the latest organisations to warn of redundancies. If travel is curtailed next summer, it is not just Virgin Atlantic, it is the country’s problem.”. This comes after it emerged British Airways had begun consulting on up to 12,000 redundancies, while rival Ryanairhas said it … Virgin Atlantic continues to review its flying programme on a regular basis, with a reduced schedule of passenger services for essential travel operating alongside cargo-only services to transport vital medical supplies and support global supply chains. A civil disobedience movement is gaining momentum with teachers and students demonstrating. New EVP Customer. Virgin said the job losses, on top of 3,150 already announced since March, were “heartbreaking, but essential” to ensure its survival, with international travel recovering more slowly than expected. ... redeployment and redundancies”. Find our best fares on your next flights to the US and beyond, with a fantastic choice of food, drinks, award winning entertainment and onboard WiFi. Virgin Atlantic plans to cut more than 3,000 jobs and shut its operations at Gatwick Airport. It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal. They will only be seen by the Guardian. if the voucher expires on 15 May 2020, the new expiry date will be 15 November 2020. He urged the government to push for trials of a travel corridor to New York, with coronavirus infection rates similar to the UK. Virgin Atlantic Struggles to Crew July Flights Following Redundancies. The company will fund its own furlough scheme for the 600 crew from October should the government’s job retention scheme not be extended. The restructuring of Virgin Atlantic's workforce will follow a week of brutal job losses across Britain's aviation industry. wish or contact us via WhatsApp by clicking here or adding the contact +44(0)7867825056. "Until travel returns in greater numbers, survival is predicated on reducing costs further and continuing to preserve cash," it said. Although full details of the recapitalisation have not been made public, it is assumed that Davidson Kempner’s investment has been guaranteed against Virgin’s Heathrow landing and departure slots, once valued up to £50m a pair. Virgin Atlantic Ltd 2018 Financial Results. Virgin Atlantic is cutting more than 3,000 jobs and shutting down its Gatwick operation - but will continue to fly from Manchester Airport. Virgin Atlantic is preparing to cut almost a third of its 10,000 workforce and close its London Gatwick operations as the airline scales back to survive the coronavirus crisis. Virgin finds itself more exposed than many of its rivals, because it relies heavily on transatlantic traffic - and restrictions on travel to the US remain in force. UK pilot union BALPA on Friday said it would hold discussions with Virgin Atlantic next week in the hope of avoiding any further pilot redundancies in light of the completion of its rescue deal. Lobbenberg warned: “This deal looks like it will get Virgin through the winter … but it’s unclear what will happen next year. ... what you are attempting to imply by your comment regarding you finding it ''interesting that the main posters are new to PPRuNe'' Read about our approach to external linking. ... 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