Published: August 27, 2019
CEO announces restructure amid falling passenger numbers and ‘tough economic climate’
Virgin Australia has announced it is cutting 750 corporate and head office jobs as part of a restructuring plan forced on the struggling airline by falling passenger numbers.
After posting a “disappointing” full-year loss of $349.1m on Wednesday, Virgin said the “challenging trading environment” on top of headwinds such as increased fuel prices had led to the job losses.
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