9/3/2020, 11:20 PM (Source: TeleTrader)
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Virgin Atlantic to cut more than 1,000 jobs - report

Virgin Atlantic Airways Ltd. is planning to cut more than 1,000 jobs, Sky News reported on Thursday.

The airline, which previously laid off 3,150 workers due to the crisis caused by the coronavirus pandemic, will announce the reductions as soon as Friday, sources told the news organization.

The cuts come only hours after Virgin's $1.6 billion restructuring plan was approved by the High Court in London.

Breaking the News / MD