Virgin Atlantic is to cut 500 jobs as it works to improve its financial position. The UK long-haul specialist recently made its first profit for some years and said Wednesday the latest move is designed to make it more agile and responsive to market developments. It currently has around 9,000 employees globally. It is not yet known whether most of the redundancies will come from the carrier’s head office near London Gatwick airport or will be spread more evenly over its network. The ...

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