American Airlines sending 25,000 furlough warnings: memo – Reuters

CHICAGO (Reuters) – American Airlines (AAL.O) is sending 25,000 notices of potential furloughs to frontline workers, according to a memo released on Wednesday, preparing employees for job cuts in the fall as the coronavirus pandemic forces airlines globally to shrink. FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to…

American Airlines sending 25,000 furlough warnings: memo – Reuters

CHICAGO (Reuters) – American Airlines (AAL.O) is sending 25,000 notices of potential furloughs to frontline workers, according to a memo released on Wednesday, preparing employees for job cuts in the fall as the coronavirus pandemic forces airlines globally to shrink. FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick OxfordAmerican, with more than 130,000 employees in 2019, had already warned that furloughs would be hard to avoid as pandemic-hit revenue remains more sluggish than the airline had hoped. The terms of a $25 billion payroll stimulus package awarded by U.S. Congress in March ban airlines from forced job cuts before October, and under the Worker Adjustment and
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