Sep 4, 2020 SOURCE: AFP
Virus-hit Virgin Atlantic cuts 1,150 more jobs
Virgin Atlantic axed 1,150 further jobs Friday after sealing a £1.2-billion rescue for the virus-hit carrier that is part-owned by British tycoon Richard Branson.
The private recapitalisation, worth $1.6 billion or 1.3 billion euros, was cleared by Britain's High Court Wednesday after creditors approved the move last week.
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