Virgin Atlantic cuts 500 jobs, aims to create 'efficient' management structure
July 1 , 2015
Virgin Atlantic airline has announced its decision to cut around 500 jobs, months after it returned to profit.
The company, which has around 9,000 employees and is owned by the Virgin Group, said that the cuts were aimed at creating a more efficient and simpler structure that would have fewer management layers.
In March, the carrier had announced a pre-tax profit of £14.4 million for 2014 following three years of losses.
Chief executive Craig Kreeger described the job cuts as necessary but “extremely tough decisions to take.”