, American Airlines notifies 11,000 workers, yet only 4,400 job cuts expected
On 18th of September American Airlines informed that it had notified approximately 11,000 workers that they could lose their jobs as a part of the company’s bankruptcy reorganization. According to Bruce Hicks, spokesman for American Airlines, the company, however, expects job cuts to be closer to 4,400. In addition, flights were cut by one to two percent for the rest of the September and October.
, American Airlines Planning to Lay-Off 13,000 employees
American Airlines had filed for bankruptcy last November and is now ready to lay off nearly 13,000 employees or 16 percent of its work force. American Airlines plans to cease its pension plans. It also wants to cut back health benefits for current employees and retirees. Over all, American Airlines is looking to cut employee costs by 20 percent.
