Virgin Australia CEO Paul Scurrah says he regrets not providing certainty to employees the airline stood down for months – many of them without pay – by making them redundant sooner.
Scurrah said in an interview at the Yahoo Finance All Markets Summit that if he had his time again: “I probably would have got to them (redundancies) quicker.
“Uncertainty is a major cause of stress and anxiety and I think we felt we were trying to preserve hope (for staff) but I think we took too long to get to the point of execution.
“You know, hindsight is a wonderful thing. Every leader in our sector had many balls in the air but if I could do anything differently it would to give (staff) that certainty.”
On 25 March Virgin Australia cuts its flying capacity from 50 per cent to 90 per cent, including the suspension of all Tigerair Australia services, and stood down 8000 of its then 10,000 staff.
At the time, Scurrah said: ““I am only too aware of how much our people are hurting at the moment and these very tough decisions have weighed heavily on me and my leadership team.
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