Richard Branson's Virgin Orbit plans to return on Thursday a small group of employees from a near company-wide furlough to work on rocket upgrades, three people familiar with the matter said, with the company confirming it had recalled some team members.
to work on rocket upgrades, three people familiar with the matter said, with the company confirming it had recalled some team members.
The furlough of nearly all of Virgin Orbit's some 750 employees 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, one of the sources said.
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