United says it could lay off more than half of its employees if it doesn’t get help from the government as the coronavirus ravages the world’s airlines

united airlinesScott Olson / Getty ImagesUnited Airlines said on Friday that without financial assistance from the government, it would be forced to “reduce our payroll” up to 60%, suggesting layoffs or furloughs were possible.United and other airlines have been severely impacted by the novel coronavirus outbreak.US airlines have requested a nearly $60 billion bailout from…

United says it could lay off more than half of its employees if it doesn’t get help from the government as the coronavirus ravages the world’s airlines

united airlinesScott Olson / Getty ImagesUnited Airlines said on Friday that without financial assistance from the government, it would be forced to “reduce our payroll” up to 60%, suggesting layoffs or furloughs were possible.United and other airlines have been severely impacted by the novel coronavirus outbreak.US airlines have requested a nearly $60 billion bailout from the federal government — the White House has proposed $50 billion in loans — but have faced backlash over cash spent on stock buybacks throughout the 2010s.Visit Business Insider’s homepage for more stories.United Airlines said on Friday it could lay off or furlough workers in the coming weeks if the federal government fails to finalize a bail out for the US airline sector by the end of March.As the novel coronavirus outbreak has caused global travel demand to plummet, the airline previously announced that it would cut about 60% of its schedule for April, while offering voluntary unpaid leaves for employees.In a public letter to employees signed jointly by United CEO Oscar Munoz and President Scott Kirby, along with the airlines’ labor leaders, the airlin
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