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

The businessman made the pledge in a weblog put up wherein he mentioned his firms, which embrace journey and leisure, have been in a “massive battle to survive”.

He mentioned COVID-19 was “the most significant crisis the world has experienced” in his lifetime, along with his companies using greater than 70,000 individuals in 35 nations.

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 individuals have and, will at all times be, my primary precedence. It is their future job safety and their well-being that I’m 100 per cent specializing in, in these horrifying and unprecedented instances.”

A Virgin Airways aircraft at Heathrow Airport on October 11, 2016 in London, England.
Airline trade in disaster as firms floor their fleets

Sir Richard mentioned restoration would “depend critically” on governments implementing the help programmes which that they had introduced.

The entrepreneur’s pledge comes after he was criticised final week by Labour after Virgin Atlantic introduced it advised employees to take eight weeks of unpaid depart following a pointy drop in clients.

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The airline mentioned the transfer would “drastically reduce costs without job losses” with it including that the price to employees can be unfold over six months.

Elsewhere, British Airways’ chief govt has hinted at job cuts and mentioned he’ll waive his wage for the subsequent two months because the airline additionally struggles with the coronavirus disaster.

In a letter to all BA employees seen by Sky News, Alex Cruz mentioned “of course job security is top of mind” and that the service is doing “everything we can to protect as many jobs as we can” through the COVID-19 disaster.

But he added that the corporate was “working hand in hand with [the unions] to look at all the options including the government employment assistance scheme”.