Virgin 3.0
Thread Starter
Join Date: Sep 2003
Location: a
Posts: 163
Virgin 3.0
Virgin head office jobs face axe
- The Australian
- 15 September 2020
- IMOGEN REID
Virgin Australia has warned that its recovery plans have been “severely impacted” by Victoria’s COVID-19 and ongoing border closures, informing staff the airline was likely to make up to 250 head office positions redundant.In a note to staff on Monday, Virgin chief executive Paul Scurrah said the aviation industry was “in the midst of the worst crisis” it had ever faced.
“Our cash management throughout this period is absolutely critical,” Mr Scurrah wrote.
“One of our largest costs is labour, and with much less transitionary work required as the administration process is coming to an end and without the revenue coming through the door, we simply cannot justify the number of team members who are currently stood up.”
The redundancies will be the second since the airline was purchased by private equity outfit Bain Capital after it fell into administration in April as the coronavirus pandemic shuttered airports and left planes stranded.
Virgin announced earlier this month it would make a third of its workforce — about 3000 people — redundant.
Mr Scurrah, who has remained the company’s chief executive through the Deloitte-run administration, said staff who had been stood down were likely to remain so until March next year, a position that would be reviewed in January.
“Consultation will occur immediately for roles which are identified as no longer being required as a result of the smaller operation and reduced work,” Mr Scurrah wrote.
“We expect around 150 roles to be impacted in addition to the 250 head office roles that have recently been impacted within the operations division.”
But Virgin will also begin a comprehensive review of the way head office works, with Mr Scurrah suggesting it would be redesigned “to suit a smaller, simpler operation”.
“The reality is this will also have the regrettable impact of further job losses,” he wrote.
“I’m aware that for many of you will feel like we have already done this … last year. “However, the world and our business have significantly changed since then, which must be addressed.”
Virgin last week permanently shut down its Tigerair budget brand after 13 years, although it will retain the air operator certificate so it can revive a low-cost carrier when the domestic travel market has recovered.
As part of Bain Capital’s plan, Virgin will simplify its fleet and largely operate Boeing 737s, removing ATRs, Boeing 777s, Airbus A330s and Airbus A320s.
Virgin’s larger rival, Qantas, has also made significant job cuts this year. Most recently, it announced 2500 positions across Qantas and its Jetstar brand would be made redundant, on top of 6000 jobs cut in June.
Qantas last month recorded a $2bn loss as the coronavirus pandemic pushed full-year revenue down by 21 per cent.
Qantas shares ended up three per cent on Monday at $3.94.
Bain Capital, which offered $3.5bn for Virgin, has had the backing of the Transport Workers Union after the private equity group gave commitments to keep the airline as a full-service carrier and not switch to a low-cost model.
Mr Scurrah told staff on Monday it was “clear that the impacts of various government decisions to deal with COVID continue to subdue demand for flying”.
“With our current capacity sitting at around 10 per cent, which is supported by federal government subsidies to ensure some limited transportation infrastructure remains functional, the outlook has never been less certain,” he said. “Regrettably, we must again take action to address the impact of this ongoing crisis on our business.”
Join Date: Aug 2002
Location: no fixed address
Posts: 175
Originally Posted by PoppaJo
Falcon with crews and engineers inbound to BNE to collect half dozen 738s it appears.
All registered to the Channel Islands now. Looks like all the new machines are going, all the shitboxes remain.
All registered to the Channel Islands now. Looks like all the new machines are going, all the shitboxes remain.
Join Date: Oct 2016
Location: MCG
Posts: 131
Originally Posted by PoppaJo
Falcon with crews and engineers inbound to BNE to collect half dozen 738s it appears.
All registered to the Channel Islands now. Looks like all the new machines are going, all the shitboxes remain.
All registered to the Channel Islands now. Looks like all the new machines are going, all the shitboxes remain.
what regos appear on them. Oh theirs one above 2-VYFQ I think.
Join Date: Feb 2001
Posts: 214
Originally Posted by PoppaJo
2-VYFG
2-VYFI
2-VYFN
2-VYFP
2-VYFQ
In fact I’m a day late, too late for farewells, they are climbing out of BN as I type.
2-VYFI
2-VYFN
2-VYFP
2-VYFQ
In fact I’m a day late, too late for farewells, they are climbing out of BN as I type.
The 'ramp-up' plan is the issue.
Join Date: Oct 2016
Location: MCG
Posts: 131
Originally Posted by PoppaJo
2-VYFG
2-VYFI
2-VYFN
2-VYFP
2-VYFQ
In fact I’m a day late, too late for farewells, they are climbing out of BN as I type.
2-VYFI
2-VYFN
2-VYFP
2-VYFQ
In fact I’m a day late, too late for farewells, they are climbing out of BN as I type.
Thread Starter
Join Date: Sep 2003
Location: a
Posts: 163
Originally Posted by slice
Any hint yet on VARA's future ?
As a heartfelt thanks to the generosity of VA employees for rolling the dice with their entitlements whilst PS traded insolvent a few months ago and for voting the DOCA up.
Bain will get the chainsaw fuelled up and begin EA negotiations......then cull more engineers, CC, and NB crew come March/April 2021.
Join Date: Jul 2007
Location: BAO
Posts: 530
Indeed- the gear is gone and not lookin back....., at PHNL and moving on.
Thanks also, toward the Australians- that GOT REAMED.... HARD.
rgds/
be Well
S28
Thanks also, toward the Australians- that GOT REAMED.... HARD.
rgds/
be Well
S28
Last edited by Section28- BE; 15th Sep 2020 at 11:55. Reason: Right-Sizing..... for here!! ta
Join Date: Feb 2011
Location: Oz
Posts: 755
To those who wish to follow along at home...the life of ferry pilot...
https://mobile.twitter.com/sgiordano77
The yanks are back next month for more Virgins...
https://mobile.twitter.com/sgiordano77
The yanks are back next month for more Virgins...
Join Date: Oct 2016
Location: MCG
Posts: 131
Originally Posted by PoppaJo
To those who wish to follow along at home...the life of ferry pilot...
https://mobile.twitter.com/sgiordano77
The yanks are back next month for more Virgins...
https://mobile.twitter.com/sgiordano77
The yanks are back next month for more Virgins...
When does it come out.
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,176
Originally Posted by Turnleft080
Good luck to the leasing companies trying to re-lease there aircraft. It will be interesting to track those serial numbers and see
what regos appear on them. Oh theirs one above 2-VYFQ I think.
what regos appear on them. Oh theirs one above 2-VYFQ I think.
Join Date: Jun 1999
Location: Oztrailia
Posts: 2,847
Originally Posted by Turnleft080
So is this the next series of aeroplane repo. Any punch ups, collecting log books while distracting others.
When does it come out.
When does it come out.
