Day: September 6, 2020

UK productivity could be improved by permanent shift towards remote working

Nine out of ten employees who have worked at home during lockdown would like to continue doing so in some capacity, research suggests.

The report, by academics at Cardiff University and the University of Southampton, presents the first analysis of employee survey data focusing on homeworking, which was gathered for the Understanding Society Covid-19 Study.

Homeworking has rocketed since the start of lockdown – rising from 6% of employees before the pandemic to 43% in April this year. The results also indicate productivity among the majority of those working from home during lockdown remained stable or even improved, compared to six months before.

Professor Alan Felstead, based at Cardiff University and the Wales Institute of Social & Economic Research, Data & Methods (WISERD), said: “For many years, homeworking has been growing slowly, but since the onset of the pandemic, it is now commonplace. Our analysis suggests there will be

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Virgin Atlantic to cut a further 1,150 jobs despite rescue deal go-ahead

Virgin Atlantic is to cut a further 1,150 jobs and put another 600 cabin crew on extended furlough beyond October, despite securing a £1.2bn rescue plan that was signed off by a US court on Thursday night.

Virgin said the job losses, on top of 3,150 already announced since March, were “heartbreaking, but essential” to ensure its survival, with international travel recovering more slowly than expected.

On Thursday, the airline gained court approval for its refinancing package, designed to see it through at least the next 18 months. The package includes a pledge of £200m from Sir Richard Branson’s Virgin Group, the airline’s biggest shareholder, and creditors agreeing to reduce and defer Virgin Atlantic’s debts.

The airline will start flights to Pakistan in an attempt to revive business, with its main US routes still largely blocked to international travellers.

Shai Weiss, Virgin Atlantic’s chief executive, said it was a bittersweet

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Washington Biz Journal reporter Capriel to cover business of education

Jonathan Capriel

Vandana Sinha, the editor of the Washington Business Journal, writes about shifting reporter Jonathan Capriel to covering the business of education as reporter Sara Gilgore moves to cover startups and innovation.

Sinha writes, “This is all part of our effort in helping this business community navigate one of the hardest eras of our lifetimes. Our institutions of higher education are some of our biggest employers, spenders and investments. Their influence spreads far beyond their brick walls and lecture halls. Local companies rely on them to ready a workforce to tackle a new age of work, from cybersecurity and artificial intelligence to health care and the humanities. They are also landowners and developers and co-creators of communities, drawing startups and investors to their sides.

Read more here.

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