The furlough is intended to buy the company time to finalise a new investment plan, according to a source - after Virgin Orbit's first satellite mission from UK soil failed earlier this year.
Virgin Orbit will pause all operations - with almost all staff at the satellite launch company expected to be furloughed.first satellite mission from UK soil failed to reach orbitChief executive Dan Hart told staff in a meeting on Wednesday that the furlough was intended to buyThe length of the furlough period is currently unclear. However, Mr Hart said he would update employees by the middle of next week.
What was a highly-anticipated launch led to disappointment after the rocket failed to deploy its payload of nine satellites. From there, it deployed the 21-metre rocket, named LauncherOne, containing the small satellites - which would have been the first launched into orbit from western Europe.Party atmosphere turned silent after launch failure
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