Virgin Orbit is to pause operations from Thursday in an apparent attempt
to
shore up its finances.
Almost all employees at the satellite launch company will reportedly also
be furloughed.
Bosses told staff about the move at a meeting on Wednesday, saying a
further update would be provided next week.
It comes after the company's failure to launch the first ever satellite mission from UK soil in January.
[more at.]
<https://www.bbc.co.uk/news/science-environment-64973383>
--
Spike
On 16/03/2023 09:03, Spike wrote:
Virgin Orbit is to pause operations from Thursday in an apparent
attempt to shore up its finances.
Almost all employees at the satellite launch company will reportedly
also be furloughed.
Furloughed ! but presumably paid for by Virgin Corp, and not HM
Guvvenment !
Virgin Orbit is to pause operations from Thursday in an apparent attempt to shore up its finances.
Almost all employees at the satellite launch company will reportedly also
be furloughed.
they really should have done a shakedown launch with a dummy
payload first.
On 16/03/2023 09:03, Spike wrote:
Virgin Orbit is to pause operations from Thursday in an apparent attempt to >> shore up its finances.Furloughed ! but presumably paid for by Virgin Corp, and not HM Guvvenment !
Almost all employees at the satellite launch company will reportedly also
be furloughed.
Mark Carver <mark.carver@invalid.invalid> wrote:
On 16/03/2023 09:03, Spike wrote:That’s ‘furloughed without pay’…sorry…
Virgin Orbit is to pause operations from Thursday in an apparent attempt to >>> shore up its finances.Furloughed ! but presumably paid for by Virgin Corp, and not HM Guvvenment !
Almost all employees at the satellite launch company will reportedly also >>> be furloughed.
✈️🚀🧨🛰️🌊
Brian Gaff wrote:
they really should have done a shakedown launch with a dummy
payload first.
They'd already done five launches (one failed, four successful) before Cornwall, I doubt the location makes much difference?
On 16/03/2023 17:00, Spike wrote:
Mark Carver <mark.carver@invalid.invalid> wrote:Isn't that what used to be called, 'laid off' ?
On 16/03/2023 09:03, Spike wrote:That's 'furloughed without pay'.sorry.
Virgin Orbit is to pause operations from Thursday in an apparentFurloughed ! but presumably paid for by Virgin Corp, and not HM
attempt to
shore up its finances.
Almost all employees at the satellite launch company will reportedly
also
be furloughed.
Guvvenment !
???????????
Yes who invented that word. We had never heard of it till lockdown.
Brian
Its very difficult to get insurance for payloads on brand new launchers. I'd >imagine they may already have several launchers either built for in >production, however customers will be very wary of trusting them if they >cannot get their money back if it fails.--
Also of course they really should have done a shakedown launch with a dummy
payload first.
If its that close to the mark on funding, then why did they start this in
the first place?
Brian
On 17/03/2023 13:47, Brian Gaff wrote:
Yes who invented that word. We had never heard of it till lockdown.The Yanks of course, as in they're on furlough (on holiday with pay)
Brian
Normally the first users of a launcher get a free launch
Martin wrote:
Normally the first users of a launcher get a free launch
The first launch for Virgin Orbit was a schools package, essentially a
disco glitter ball ...
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