Bloomberg Rolls-Royce Holdings Plc has reached agreement with unions on up to 700 UK job cuts this year, with the rest of its planned downsizing made up by employees taking voluntary buyouts. The company announced in June it planned to eliminate 3,000 UK jobs this year. While more than that number applied for voluntary severance, the company will still make …

Bloomberg Delta Air Lines Inc has proposed cutting the number of hours pilots fly each month by 15% to further reduce labour spending and help avoid involuntary layoffs as surging US coronavirus cases quash travel demand. The proposal offered to the Delta unit of the Air Line Pilots Association would remain in place for a year with hours flexing back …

Bloomberg Virgin Atlantic Airways Ltd, fresh from getting a $1.5 billion rescue package, is anticipating a sluggish recovery in air travel that won’t see demand returning to 2019 levels for at least three years. The British carrier founded by Richard Branson is resuming passenger flights next week with trips to Hong Kong, New York and Los Angeles. Widespread border restrictions …