Saturday, 15 May 2021

Coronavirus: Sir Richard Branson pledges £215m boost to protect Virgin jobs

Sir Richard Branson has vowed to invest £215m into his Virgin business to protect jobs following the outbreak of the coronavirus.

The businessman made the pledge in a blog post in which he said his companies, which include travel and leisure, were in a “massive battle to survive”.

He said COVID-19 was “the most significant crisis the world has experienced” in his lifetime, with his businesses employing more than 70,000 people in 35 countries.

The 69-year-old wrote: “Our airlines have had to ground almost all their planes; our cruise line has had to postpone its launch; our health clubs and hotels have had to close their doors and all bookings to our holiday company have stopped.

“Our people have and, will always be, my number one priority. It is their future job security and their well-being that I am 100 per cent focusing on, in these frightening and unprecedented times.”

Sir Richard said recovery would “depend critically” on governments implementing the support programmes which they had announced.

The entrepreneur’s pledge comes after he was criticised last week by Labour after Virgin Atlantic announced it told staff to take eight weeks of unpaid leave following a sharp drop in customers.

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