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Lay off

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As the automobile sector is throbbing with competition, it is crucial for each company involved to retain its position in the market. Despite such …

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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.

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