: American Airlines is notifying 25,000 workers that they could be furloughed beginning October 1, executives said Wednesday, the latest major carrier to warn about massive layoffs.
Like other major airlines, the executives said the cost-cutting would be needed due to lackluster ticket sales amid fading hopes for a speedy bounceback in travel from Covid-19. US carriers that received government aid under the CARES Act cannot lay off workers until after September 30. The executives said they “hope to reduce the actual number of furloughs significantly through enhanced leave and early-out programs for represented workgroups, which we are announcing today.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines contacts US senator over maskless photoRepublican Ted Cruz says he had only removed it to eat and drink. FMTNews AmericanAirlines
Source: fmtoday - 🏆 5. / 72 Read more »
Pfizer, BioNTech vaccine candidates get FDA's 'fast track' statusThe designation speeds up review of new drugs that show potential. FMTNews Pfizer
Source: fmtoday - 🏆 5. / 72 Read more »
MACC probe hasn’t dimmed investor interest in tunnel, says Penang CMChow Kon Yeow says the investors only looked at the potential of the project. FMTNews PTMP MACC BayanLepasLRT
Source: fmtoday - 🏆 5. / 72 Read more »
How airlines are reducing carbon footprint amid Covid-19A French airline has made promises to cut pollution as part of its state rescue package.
Source: staronline - 🏆 4. / 75 Read more »
Korean Air chief’s mum gets suspended sentence for assault | The Malaysian InsightLee Myung-hee’s victims include drivers, housekeepers and construction workers.
Source: msianinsight - 🏆 8. / 63 Read more »
Stateless children, wage subsidy scheme among issues to be raised in Parliament | The Malaysian InsightStateless children, wage subsidy scheme among issues to be raised in Parliament
Source: msianinsight - 🏆 8. / 63 Read more »