Virgin Atlantic to cut 3,150 jobs and stop flying from Gatwick

Virgin said the plan is to “reshape and resize [the] business to ensure that is it fit for the future, in response to the severe impact of the Covid-19 pandemic on the global economy, our nation and the travel and aviation industry”. Virgin Group is now desperately seeking new investment after its proposal that the government should provide a £500m rescue package in commercial loans and guarantees was rejected.