The group said head office and UK staff would be affected by the cuts. Video, 'Mosul is healing': Rebuilding the historic city, Woman, 95, accused over 10,000 Nazi camp murders, Actress shares story of 'nightmare' nose surgery, Parish council Zoom host 'surprised' by reaction, Romania baptism death sparks calls for change, US congresswoman who supported QAnon loses key post, Look back at Christopher Plummer's film highlights, its Gatwick airport operation might not reopen, Ryanair has also said it will cut 3,000 jobs. Nine hundred Virgin Media employees in the UK could be facing redundancy as the company has announced restructuring plans that could see mass lay-offs over the next two years. Virgin Voyages has confirmed that redundancies have been made within its shore-side team in the US due to coronavirus. Play Video. The bank will shut 164 sites, with locations of the branches due to be announced this afternoon. Investors have been told that this includes around 1,500 employees taking voluntary redundancy this year. According to Retail Gazette, in an email circulated to the company’s staff, chief executive Michael Ward said 680 jobs out of its 4800-strong workforce would go. The Cartwright Group, based in Altrincham, confirmed the decision to staff on Tuesday afternoon. It said it hoped to reduce the number of jobs losses by staff taking reduced hours and by opening new shops. The redundancies could amount to 16 percent of the current 9,500 full-time staff across the two businesses and will come as a significant blow to the UK’s uncertain financial sector. That has been compounded by the decision earlier this year of Ineos Automotive to abandon plans for a new factory, next to the Ford plant, assembling its new 4 x4 Grenadier vehicle in an investment that promised to create 500 jobs. The £4.2 billion turnover group was forced to close all its stores when the lockdown was imposed, and revised potential lost revenues for the year from between £400million and £1 billion in March to between £1.2billion and £1.6billion in April. Virgin Atlantic and easyJet staff to help with Covid vaccine efforts. The organisation, which warned in July that it might have to make people redundant to deal with the fallout from the coronavirus crisis, has said it is making 514 compulsory redundancies following consultation. Many airlines have been struggling as the coronavirus pandemic has brought global travel to a virtual standstill. Redundancies at Virgin Voyages following launch delay. The company has previously said it intended to reduce the size of its branch network but has now accelerated plans amid the pandemic. “We have completed a review of our activity and requirements in every part of the business and are now proposing a series of changes which are the subject of a collective consultation with union and employee representatives. The global travel giant announced in May a plan to cut the jobs as it sought to reduce its annual overheads by 30%. The consultation will run until the middle of August when, the spokesman said, around 75 jobs could go. The group - which is approaching its centenary - employs around 1,500 people at a number of companies around the North East. It also told staff that its Gatwick airport operation might not reopen after the pandemic passes. Virgin Money and CYBG strike £1.7bn deal putting 1,500 jobs at risk. It said it intended to keep its slots at Gatwick "so it can return in line with customer demand". Moscow say the diplomats attended weekend protests in support of Putin critic Alexei Navalny. Read about our approach to external linking. Business Comment. Engineering giant Rolls-Royce has confirmed that around 3,000 UK jobs will go after opening a “voluntary severance” scheme. Our. Many firms across the UK have fallen into administration in 2020, while others are balancing on a knife-edge - many of which are being propped up by the government’s job retention scheme. Unite the Union has blamed the job losses on the government's failure to provide support to the sector. The big ones were operating at or very near capacity. More than 200 jobs are to be cut at a Newcastle engineering group after the coronvirus lockdown hit demand for its services. This is usually your, or a family member’s, employer or health plan. Harrods is reportedly planning to make 700 employees redundant. Virgin Australia launches huge flight sale with $69 tickets to Byron Bay starting TODAY Mail Online 02:09 14-Jan-21 Virgin Australia extends free booking flexibility, as it prepares to put 30,000 fares on sale Travel Weekly 00:54 14-Jan-21 As the economic impact following the global Covid-19 pandemic takes affect, many businesses, large and small, across the UK and around the world, are having to restructure, When you subscribe we will use the information you provide to send you these newsletters. The fashion group which includes Topshop ad Dorothy Perkins is reportedly axing 500 head office jobs. The agreement with Ryanair’s pilots saves 260 jobs (of a total of 330 pilot roles) that were under threat, according to the Guardian. VF said the current business model was “not in line” with finance performance expectations. Around 400 jobs are to be lost in the latest stage of redundancies announced in October that followed the merger between Virgin Money and the owner of the Clydesdale and Yorkshire banks. A further 782 people have taken voluntary redundancy, as part of cuts to jobs that will save around £59m a year. Other airlines have already announced that they intend to cut jobs because of the collapse in demand for travel due to the coronavirus pandemic. The company statement said the move in no way reflected on the dedication and performance of its staff in Plymouth, where the factory makes the Geocel sealant, and has been operating for several years. Go on and see if you get it too. US-based VF Corporation, the parent company of Williamson-Dickie, which makes Dickies Workwear, is looking to "discontinue" the Europe, Middle East and Africa (EMEA) arm of its workwear business. Read about our approach to external linking. Gatwick said the company was "very saddened" to hear of Virgin Atlantic's plans. Discount footwear chain Shoe Zone stores has decided to close 20 stores. Tui has received huge sums of cash from the German Federal Government to keep trading, including a further stabilisation package of €1.2bn announced last month. ... Redundancies were made in 2015 without a long term strategy in place, those of us left were promised pay rises and changed conditions - 6 months later this still had not happened. Virgin Atlantic has filed for bankrupt protection from creditors in the US, according to a court filing in New York on Tuesday.. Virgin Australia forced into voluntary administration, as Deloitte says 'there are no plans to make redundancies' ... "I know how devastating the news today will be … The National Trust has announced it is slashing 1,300 jobs amid moves to save £100m of annual costs as a result of the Covid-19 pandemic. The Newcastle-based firm said it had opened consultations on job losses, though it hasn’t said how many roles are at risk. The company had originally hoped to achieve the majority of the redundancies through a voluntary release programme, but it has now confirmed it is 'some way short' of its target. Businesses in all sectors are struggling with the impact of the coronavirus pandemic but retail and aviation are being hit particularly hard. Parent company International Airlines Group (IAG) said revenues for the first quarter fell 13 per cent to £4billion. From today, the airline is offering discounted prices on 1.9 million fares as part of its Let The Good Times Fly sale, which ends midnight AEST on February 8, 2021. The message confirmed that S Cartwright and Sons coachbuilders and Cartwright Fabrications had "ceased trading with immediate effect". In May, the company announced it was slashing 9,000 jobs from its global workforce of 52,000 due to a dramatic slump in the aviation industry caused by the coronavirus pandemic. New chairman Sharon White reportedly sent a bombshell letter to staff, warning of potential closures as well as job losses. It is understood the firm, which mothballed its operation during the height of the Covid-19 lockdown has suffered from falling orders for its bespoke, high-end mattresses and divans. The firm said the move from a 'three-shift' to 'two-shift' pattern will mean around 10 per cent of its Halewood workforce - which includes 4,000 employed directly at the Merseyside factory, and 500 agency staff - will be impacted. The International Air Transport Association (IATA) said it recommended mandatory face-coverings for passengers and masks for crew, as one of several actions to reduce what it called "the already low risk of contracting Covid-19 on board aircraft". 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