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Virgin Atlantic eyes 600 job cuts | Virgin Atlantic eyes 600 job cuts |
(20 minutes later) | |
Virgin Atlantic has said it is consulting with staff over the possibility of making up to 600 redundancies across the business. | Virgin Atlantic has said it is consulting with staff over the possibility of making up to 600 redundancies across the business. |
The airline said it was reshaping its business to ensure it remained strong during the economic downturn. | The airline said it was reshaping its business to ensure it remained strong during the economic downturn. |
"No airline is immune from the recession," said Virgin Atlantic chief executive Steve Ridgway. | "No airline is immune from the recession," said Virgin Atlantic chief executive Steve Ridgway. |
The airline said it was talking to staff and unions in order to find ways to avoid compulsory redundancies. | The airline said it was talking to staff and unions in order to find ways to avoid compulsory redundancies. |
Mr Ridgway added airlines had to reduce their costs because of the current fall in demand for travel. | |
"We need to stay healthy so we're ready to grow again when economic conditions allow," he said. | |
Virgin Atlantic employs about 8,500 people worldwide. | |
Earlier, budget airline Ryanair announced cuts in its summer schedule at Dublin airport, saying it would result in the loss of 200 jobs. |
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