Virgin Atlantic bosses to take 15% pay cut

Virgin Atlantic bosses to take 15% pay cut

Virgin Atlantic said on Wednesday that its chief executive and senior leaders would take significant short-term pay cuts in the coming months, as the airline introduces a recruitment freeze across the company in response to the coronavirus fallout.

CEO Shai Weiss will take a 20% pay cut from April to the end of July, while the company’s executive leadership team have agreed to a 15% salary reduction.

Source: Yahoo Finance

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