Virgin Atlantic plans to shed more than 3,000 jobs and suspend its operations at Gatwick airport in an effort to address the financial pressure of the covid-19 pandemic.
The 3,150 planned redundancies across all job functions represent almost one in three of Virgin Atlantic’s workforce of 10,000.
The airline will be moving its flying programme from London Gatwick to London Heathrow, with the intention of retaining its slot portfolio at London Gatwick, so it can return in line with customer demand.
Virgin Atlantic Cargo will continue to provide essential services during this crisis and beyond, keeping global supply chains running and continuing to bring crucial medical supplies and PPE into the UK on a daily basis for NHS frontline teams.
Shai Weiss, chief executive officer, Virgin Atlantic commented: “We have weathered many storms since our first flight 36 years ago, but none has been as devastating as covid-19 and the associated loss of life and livelihood for so many.
“However, to safeguard our future and emerge a sustainably profitable business, now is the time for further action to reduce our costs, preserve cash and to protect as many jobs as possible. It is crucial that we return to profitability in 2021. This will mean taking steps to reshape and resize Virgin Atlantic in line with demand, while always keeping our people and customers at the heart of all we do.”