Virgin Atlantic has announced that it will be reducing its work staff and sending most home for 8 weeks with no pay to avoid having to introduce job cuts.
The Airline industry has become just one of the major global industries to be hit by the Coronavirus.
With the introduction of worldwide travel restrictions to help curb the spread of the Coronavirus, airlines are having to find drastic measures in order to be able to survive through these trying times.
Virgin Atlantic will be grounding 75% of its fleet and offering employees a once-off severance package along with the 2 months with no pay, all of which have the full backing of unions BALPA and UNITE.
With customers unable to travel due to the worldwide COVID-19 epidemic being experienced, along with very tight immigration and travel restrictions recently introduced by many countries, the aviation industry is just coming short of total collapse.
The financial implications that are going to have long-lasting effects on the aviation industry have already forced Virgin chairman Peter Norris, to write to British Prime Minister Boris johnson asking for a £7.5 billion bailout package.
As the effects of COVID-19 continue to be felt across all industries around the world, this is only the beginning of bailout requests that leaders such as Boris Johnson will be reading in the next coming weeks.
British Airways will also be grounding up to 75% of its fleet for 8 weeks in April and May as almost all their major route have been heavily and negatively affected by the travel restrictions implemented by the host countries.
The work staff will be given the option of taking voluntary leave or having their hours significantly reduced to help curb costs during these trying times to avoid job cuts. They have already stopped all new recruitment until further notice.