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Pay cuts

Southwest seeks pay cuts from unions to avoid layoffs through 2021

Southwest seeks pay cuts from unions to avoid layoffs through 2021

By: Tracy Rucinski
Source: Reuters
Date of Publication: October 5th, 2020
Southwest Airlines LUV.N said on Monday it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs through 2021 as the industry struggles to stem losses from the coronavirus pandemic in the absence of more federal aid.
Delta will avoid pilot furloughs if they agree to reduced minimum pay: memo

Delta will avoid pilot furloughs if they agree to reduced minimum pay: memo

By: David Shepardson
Source: Reuters
Date of Publication: July 17th, 2020
Delta Air Lines told pilots on Friday it would avoid furloughs if they agreed to reduced guaranteed minimum pay, according to a memo seen by Reuters.
Coronavirus forces Sonos to lay off 12% of its workforce_Fox Business

Coronavirus forces Sonos to lay off 12% of its workforce

By: Ann Schmidt
Source: Fox Business
Date of Publication: June 24th, 2020
Sonos is laying off 12 percent of its workforce because of the coronavirus pandemic, according to a Securities and Exchange Commission filing from Tuesday.
Hilton Cutting About 22% of Global Corporate Workforce - WSJ

Hilton Cutting About 22% of Global Corporate Workforce

By: Allison Prang and Craig Karmin
Source: The Wall Street Journal
Date of Publication: June 16th, 2020
Hotel operator’s job reductions amount to 2,100 employees as coronavirus hits travel, occupancy levels.
PVH Corp. Announces Business Update Relating To COVID-19 Outbreak

PVH Corp. Announces Business Update Relating To COVID-19 Outbreak

Source: Business Wire
Date of Publication: April 7th, 2020
PVH Corp. [NYSE:PVH] announced additional actions it is taking to navigate the COVID-19 pandemic and its effects on its associates and the company’s business and financial position.
COVID-19 onslaught continues as Columbia Sportswear furloughs 3,500

COVID-19 onslaught continues as Columbia Sportswear furloughs 3,500

By: Jeff Manning
Source: The Oregonian
Date of Publication: April 9th, 2020
With its vast network of retail stores still shut down by the global pandemic, Columbia Sportswear has put 3,500 retail workers on furlough and cut their pay by 75%.
Penske Corporation Orders Pay Cuts for Senior Leadership, with Layoffs Looming

Penske Corporation Orders Pay Cuts for Senior Leadership, with Layoffs Looming

By: Matt Weaver
Source: Auto Week
Date of Publication: March 29th, 2020
Penske Corporation informed employees on Saturday that pay cuts will be enacted against the company’s senior leadership, with layoffs possible, as the global coronavirus shutdown continues into its third week.