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Virgin Airlines cut jobs after 1 billion plus dollar bailout

Virgin Airlines cut jobs after 1 billion plus dollar bailout

Virgin airlines has cut 1,150 jobs as it was forced to restructure. This is on the heels of a bailout package of 1.2 billion dollars. Delta owns 49% stake in Virgin.

Given Name 123
Given Name 123 3 months

Let me just get this straight... Workers pay taxes, they get bailout on the backs of workers who pay taxes, workers loses their jobs?

darkwingsmurf 3 months

No one will ever be able to explain to me how bailouts are good. Let the company fail someone possibly multiple people will step in to fill the gap. The people who loose their jobs will get hired by others. All you do with bailouts is reward people for being bad at their jobs.

Delterra 3 months

So glad corporations are being protected by establishment Democrats, Republicans and the president. Those CEOs need money so it can trickle down right?! Glad us the bottom 99 can get a trickle from the ocean owned by the 1% damned up by those mentioned above. ..

Doug 3 months

This is no different than all of the other air carriers around the globe. It will take time to reestablish air routes because of these overblown lockdowns.

Ben 3 months

Branson has been doing this for decades...wise up!

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