Richard Branson's Virgin Orbit plans to recall on Thursday a small group of employees from a near company-wide furlough to work on rocket upgrades, an email to staff said, with the company confirming some team members would return.
to work on rocket upgrades, an email to staff said, with the company confirming some team members would return.
The furlough of nearly all of Virgin Orbit's some 750 staff began on March 16, after the company struggled in recent months to raise funds and suffered a high-profileThe move, in which only employees critical to company functions would remain, was intended to buy Virgin Orbit more time to finalize an investment plan and stave off bankruptcy.
Discussions over Virgin Orbit's investment plan to stave off bankruptcy were ongoing, said a second person familiar with the process. The people spoke anonymously to discuss internal company matters.
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