Reportedly, this was done because of the need to improve the plan to attract investment, but the specific reasons for the suspension of work were not disclosed. It is known that the company employs about 800 people.
Probably the “holiday” will last until March 23, after which the leadership will return with information on further actions. Employees will be paid later than usual.
It is also known that only a “small” team will continue to work. However, it is not known how many employees it has and what positions these people hold.
Shares of Virgin Orbit tumbled 52 percent after the first news of the suspension of business.
Source: Ferra
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