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The Deputy Prime Minister, Michael McCormack, has defended the government help offered to Virgin Australia on the day it announced 3,000 job losses.
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Unions have refused to criticise ‘winning’ Virgin bidder Bain for its plan to axe 3,000 roles and scrap the Tigerair brand.
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Virgin has announced it will cut 3,000 jobs and axe the Tigerair brand – making the low-cost airline the country’s first major airline casualty of COVID-19.
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Tigerair staff have been reassured that they won’t be made redundant despite parent company Virgin Australia slipping into administration on Wednesday.
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Virgin Australia Group’s chief executive Paul Scurrah revealed more than 10 parties have expressed interest in recapitalising the company after it entered voluntary administration on Tuesday morning.
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The Transport Workers Union has made a final appeal to the government to intervene to help save Virgin Australia after the business collapsed into administration.