American warns 13,000 employees of furloughs as airlines prepare to lose federal aid next month

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American warns 13,000 employees of furloughs as airlines prepare to lose federal aid next month

cnbc2021-02-04

KEY POINTS American and United together cut more than 30,000 jobs last fall after the first round of payroll support expired. American had braced employees for possible furloughs last week. The ...

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JWZ137
·2021-02-04
Gd
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Aliciababy66
·2021-02-04
Gg
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JY_94
·2021-02-04
Gg
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Andy08
·2021-02-04
Good article
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DeezNaans
·2021-02-04
Cool
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beankim
·2021-02-04
Great ariticle, would you like to share it?
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Ewald
·2021-02-04
Jialat
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Brianthelion
·2021-02-04
Would take at least another year for the airline industry to pick up
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Kiong
·2021-02-04
Die la
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It was the second round of Covid aid for the industry; Congress gave airlines $25 billion last March to keep them from cutting employees through the fall.\nAirline labor unions are now seeking $15 billion more in federal payroll support for the industry to keep jobs through Sept. 30 and American’s Parker and Isom said they back another round of aid.\n“We are fully behind our union leaders’ efforts to fight for an extension and we will lend our time and energy to support this effort in every way we can,” they said.\nThe furlough notices will go to 4,245 flight attendants, 3,145 fleet service workers, 1,850 pilots, 1,420 maintenance workers, 1,205 in passenger service, 100 dispatchers and 40 instructors, according to a American Airlines securities filing.\nFresh fromreporting record annual lossesof $34 billion, U.S. airline CEOs last month warned they didn’t expect a strong rebound in air travel in the near future.\nEmployers are legally required to give staff notice about possible layoffs or temporary furloughs generally 60 days in advance. The notices do not guarantee that recipients will ultimately lose their jobs.\nAmerican is offering early retirement programs for employees who have been in their workgroups for more than 10 years, including up to $150,000 in a retirement health reimbursement package and some travel benefits. It is also rolling out leaves of absence for a year or 18 months with partial pay.\n“Obviously, issuing these required WARN notices isn’t a step we want to take,” Parker and Isom said. “Tens of thousands of our colleagues have faced extreme uncertainty about their job security over the past 12 months, and that’s on top of the emotional stress all of our team has faced during an incredibly difficult year.”\nAmerican’s CEO Parker warned staff last weekthat the carrier is still overstaffed for current demand projections and that furloughs could be on the way.\nAmerican is the only large U.S. carrier to furlough pilots, as United,Deltaand other carriers reached deals with unions that allowed for some reduced flying or pay in exchange for not cutting jobs. Delta,SouthwestandJetBlueavoided involuntary job cuts altogether, though the second round of payroll support paused some of the deals with unions.\nThe Allied Pilots Association, American Airlines pilots’ union, said it would try to reduce the number of furloughs but criticized the airline’s financial decisions in recent years and the fact that it didn’t use voluntary measures to spread out flying to limit job cuts.\n“Management’s unilateral actions over the years, along with their treatment of our airline’s balance sheet, have placed American in a more precarious situation than our competitors,” the union said in a statement. “Collaboration with APA will be key if management hopes to successfully navigate these turbulent times.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":317339995,"gmtCreate":1612415160317,"gmtModify":1704870844200,"author":{"id":"3575067142498671","authorId":"3575067142498671","name":"JWZ137","avatar":"https://static.tigerbbs.com/842968796125e5a418b21a3b4ab603ef","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575067142498671","authorIdStr":"3575067142498671"},"htmlText":"Gd","listText":"Gd","text":"Gd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317339995","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317974089,"gmtCreate":1612412250341,"gmtModify":1704870813724,"author":{"id":"3569881689183939","authorId":"3569881689183939","name":"Aliciababy66","avatar":"https://static.tigerbbs.com/91e5fd475163cba7fb4ae8f76df61465","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569881689183939","authorIdStr":"3569881689183939"},"htmlText":"Gg&nbsp;","listText":"Gg&nbsp;","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317974089","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317972962,"gmtCreate":1612412067556,"gmtModify":1704870812916,"author":{"id":"3554963335853172","authorId":"3554963335853172","name":"JY_94","avatar":"https://static.tigerbbs.com/889d7958a0ad15bc101faed4a878614b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3554963335853172","authorIdStr":"3554963335853172"},"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317972962","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317921612,"gmtCreate":1612408583436,"gmtModify":1704870767222,"author":{"id":"3565160370899897","authorId":"3565160370899897","name":"Andy08","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565160370899897","authorIdStr":"3565160370899897"},"htmlText":"Good article&nbsp;","listText":"Good article&nbsp;","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317921612","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317969942,"gmtCreate":1612407342986,"gmtModify":1704870750179,"author":{"id":"3575255962896727","authorId":"3575255962896727","name":"DeezNaans","avatar":"https://community-static.tradeup.com/news/3bcab80cd8ac0d33681f5a9870c47028","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575255962896727","authorIdStr":"3575255962896727"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317969942","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317969017,"gmtCreate":1612407337139,"gmtModify":1704870750341,"author":{"id":"3568042901804000","authorId":"3568042901804000","name":"beankim","avatar":"https://static.tigerbbs.com/7e86bf0ae7dd84473464d6af842304eb","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":8,"crmLevelSwitch":1,"idStr":"3568042901804000","authorIdStr":"3568042901804000"},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317969017","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317988754,"gmtCreate":1612406831678,"gmtModify":1704870741449,"author":{"id":"3573788355724268","authorId":"3573788355724268","name":"Ewald","avatar":"https://static.tigerbbs.com/60c8eb8db3c825e3fdeb89353eacb524","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573788355724268","authorIdStr":"3573788355724268"},"htmlText":"Jialat","listText":"Jialat","text":"Jialat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317988754","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317983944,"gmtCreate":1612406611088,"gmtModify":1704870736901,"author":{"id":"3556199339285550","authorId":"3556199339285550","name":"Brianthelion","avatar":"https://static.tigerbbs.com/091f4c4376468efc68921d93a6f50b10","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3556199339285550","authorIdStr":"3556199339285550"},"htmlText":"Would take at least another year for the airline industry to pick up","listText":"Would take at least another year for the airline industry to pick up","text":"Would take at least another year for the airline industry to pick up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317983944","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":317916772,"gmtCreate":1612405965096,"gmtModify":1704870728796,"author":{"id":"3569114286730144","authorId":"3569114286730144","name":"Kiong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569114286730144","authorIdStr":"3569114286730144"},"htmlText":"Die la","listText":"Die la","text":"Die la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317916772","repostId":1196030389,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}