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Virgin Atlantic’s New CEO Implements Cost Cutting Plan To Revive Profits
May 17, 2013
Virgin Atlantic has unveiled a plan to reduce costs by £45 million ($69 million) this fiscal year after posting a £96 million loss for the 12 months ending Feb. 28. The cost savings initiative will target “non-customer-facing back-office operations” such as IT, and “cross-functional working...
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