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American Airlines cut 15% of workforce
February 2nd, 2012 by elisa

American Airlines is to cut around 15% of its workforce by getting rid of 13,000 jobs.

It’s Parent, AMR, had filed for bankruptcy in November and said it needs to cut staff costs by 20%, restructure debt, aircraft leases, and ground older aircraft.

It hopes to start negotiations with unions shortly as it also plans to change contracts, health benefits and pensions. Unions have responded by saying that the plans are worse than expected and they plan to fight the proposed changes.

In a letter to employees, chief executive Thomas W Horton said: “We are going to use the restructuring process to make the necessary changes to meet our challenges head-on and capitalise fully on the solid foundation we’ve put in place.”

 


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