COVID-19 crisis | 1 in 3 employers to slash jobs by October

Over the past few months, the media has been awash with news of jobs cuts and the drastic downsizing of businesses.

In May, British Airways announced that there were more than 12,000 job losses from within its ranks, largely due to mass inactivity within the aviation industry. 

Similarly, Richard Branson’s Virgin Atlantic confirmed that 3,000 jobs would be cut, with Chief Executive Shai Weiss telling the BBC: “We have weathered many storms since our first flight 36 years ago but none has been as devastating as COVID-19 and the associated loss of life and livelihood for so many.”

The drastic reduction in oil demand also necessitated one of the largest mass redundancies of the pandemic, when BP announced that 10,000 of its staff would be made redundant across the globe.

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