Virgin Atlantic to cut over 1,000 more jobs as demand languishes

[BENGALURU] Virgin Atlantic is preparing to cut more than 1,000 jobs after seeing a slower-than-expected recovery in international demand for air travel, Sky News reported on Thursday.

The report comes as the company's £1.2 billion rescue deal is set for completion this week after a London judge gave the go-ahead to the airline's restructuring plan in a court hearing on Wednesday. The airline will announce the layoffs as soon as Friday, the report said, adding that the latest round of cuts, if confirmed, would mean that Virgin Atlantic's workforce has almost halved from about 10,000 people before the coronavirus pandemic.

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