Virgin Australia to slash workforce, focus on short haul under Bain


By Jamie Freed SYDNEY (Reuters) - Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a short-haul Boeing Co 737 operator under prospective new owner Bain Capital.

Virgin said on Wednesday the 3,000 jobs would go as the carrier offloads its fleets of Boeing 777s, Airbus SE A330s and ATR turboprops, as well as low-cost brand Tigerair Australia and its A320s. "Our initial focus will be on investing in the core Virgin Australia domestic and short-haul international operation.....

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