Aspiring Business Leaders Worldwide

Home Posts Tagged "american airlines job cuts"

american airlines job cuts

,

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 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.

Register today to get full access to:

All articles | Magazine archives | Livestream events | Comments

PASSWORD RESET

Register today to get full access to:

All articles | Magazine archives | Livestream events | Comments

//

Subscribe Plan Details








Register today to get full access to:

All articles | Magazine archives | Livestream events | Comments

LOGIN