As the coronavirus pandemic continues to cripple the travel industry, Richard Branson revealed he's cuttng more than 3,000 jobs at his Virgin Atlantic and Virgin Holidays companies. 

The 3150 employees will be given a 45-day consultation period.

British Airways has cut 12,000 jobs and Ryanair cut 3,000 roles.

Branson had initially announced he would place staff on unpaid leave. He received some very heavy criticism for that announcement and people asked why he didn't just sell his private Caribbean island to fund salaries.

That followed with an open letter to staff, where he had warned the company could fall into administration without a government bailout, mentioning the idea of selling Necker Island  to save the business.

Virgin Australia has already fallen into administration after being refused a bailout from the Australian government.

Branson has now backed down from asking for taxpayer funding, turning instead to private investment.

As part of the changes, Virgin has temporarily stopped it's London Gatwick routes.

Flights will instead go from London Heathrow, although Virgin says it will retain its Gatwick slot so it can reopen there when demand improves.

Source: The Sun