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Job cuts

American Airlines Will Have 20 – 30% Too Many Flight Attendants and Pilots by October

American Airlines Will Have 20 – 30% Too Many Flight Attendants and Pilots by October

By: Mateusz Maszczynski
Source: Paddle Your Own Kanoo
Date of Publication: June 28th, 2020
American Airlines chief executive Doug Parker has warned staffers that the airline will likely have an overage of employees of between 10 to 20 per cent by July 2021 owing to the continued impact of the Corona crisis. Flight attendants are likely to be one of the hardest-hit workgroups Parker warned at an employee Town Hall meeting last week, while pilots may be saved because of the high costs involved in recruiting and training them.
 “V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

By: Wolf Richter
Source: Wolf Street
Date of Publication: June 25th, 2020
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.
AT&T cutting 3,400 jobs and it’s just the beginning

AT&T cutting 3,400 jobs and it’s just the beginning

By: Scott Moritz
Source: The OCR / Bloomberg
Date of Publication: June 16th, 2020
AT&T is notifying thousands of employees that their jobs are being eliminated as part of a $6 billion cost-cutting push, an attempt to slim down one of the most heavily indebted companies in the U.S.
Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand

Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand

By: Allison Lampert in Montreal and Ankit Ajmera in Bengaluru;
Source: Reuters
Date of Publication: June 3rd, 2020
Canadian plane and train maker Bombardier Inc (BBDb.TO) said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems.
Southwest offers buyout packages, temporary leaves to 'ensure survival'

Southwest offers buyout packages, temporary leaves to 'ensure survival'

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: June 1st, 2020
Southwest Airlines Co (LUV.N) on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to “ensure survival” as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.
Delta, union working to avoid furloughs of 2,300 pilots

Delta, union working to avoid furloughs of 2,300 pilots

By: Reuters
Source: CNBC
Date of Publication: June 1st, 2020
Delta Air Lines and its pilots union said they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

By: Leslie Josephs
Source: CNBC
Date of Publication: May 29th, 2020
United is cutting 13 of its 67 officers to try to save money because of coronavirus. The departures will be effective Oct. 1, after the terms of billions in federal aid expire. United and other airlines have been urging employees to take buyouts and other voluntary separation packages.
IBM Cuts Jobs Around U.S. As New CEO Looks For Revival

IBM Cuts Jobs Around U.S. As New CEO Looks For Revival

Source: Associated Press
Date of Publication: May 25th, 2020
IBM told the Wall Street Journal it is laying off an undisclosed number of workers across the U.S.
New United CEO says he doesn't want to cut any jobs despite crisis

New United CEO says he doesn't want to cut any jobs despite crisis

By: Chris Isidore
Source: CNN Business
Date of Publication: May 20th, 2020
United Airlines' new CEO says he hopes to avoid staff cuts, despite the need to significantly reduce labor costs in the face of sharply lower demand for air travel.
Uber and Lyft Drivers Sue for New York Unemployment Benefits

Uber and Lyft Drivers Sue for New York Unemployment Benefits

By: Noam Scheiber
Source: New York Times
Date of Publication: May 26th, 2020
In the latest challenge over their labor status, gig workers say the state is illegally failing to pay them jobless benefits in a timely way.