As soon as the market opens tomorrow I’m selling all my shares
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American Airlines warns 25,000 employees about potential job cuts as coronavirus continues to sap demandAmerican Airlines became the latest airline to warn staff about potential furloughs. Funny...they took the handout from the govt and didn't have an issue The airline industry is dead Maybe they should demand people like say, Ted Cruz wear masks all the time so people won't be afraid to fly.
Source: CNBC - 🏆 12. / 72 Read more »
American Airlines to warn staff this week about potential furloughsAmerican Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the airline business. umarwaqar4 Guess where we’re returning So much for the pilot shortage, hopefully that's the end of 20 year olds in the captains seat. SoWestTexas_
Source: CNBC - 🏆 12. / 72 Read more »
Delta takes $3 billion charge on buyouts, American Airlines workers brace for furlough warningsDelta Air Lines said on Wednesday it would record charges of up to $3 billion in the current quarter for buyout packages aimed at reducing costs while avoiding involuntary furloughs in the fall. They've made enough profits in the past to weather this storm.
Source: Reuters - 🏆 2. / 97 Read more »
More Americans are worried about retirement now — and their plans have changedThe coronavirus has the potential to upend many Americans' retirement plans I thought when I took all the risk to start a business I would get a comfortable lifestyle and pension but apparently the path to a worry free life and six digit pension is to be a government worker. The rest of us sweat it till the day we die, except the 1%. Unless your retiring in the next 5 years your not getting one.
Source: MarketWatch - 🏆 3. / 97 Read more »
Southwest sounds alarm on jobs in 'very bad environment,' American preparing furlough warningsSouthwest Airlines Chief Executive Gary Kelly told employees on Monday that he was concerned about the impact of a recent rise in COVID-19 cases and quarantines on already-weak travel demand and said passenger numbers would need to triple by the end of the year to prevent job cuts.
Source: Reuters - 🏆 2. / 97 Read more »
Are Companies Using the Pandemic as an Excuse to Stop Unions?Food industry workers in the middle of unionizing face furloughs and layoffs, leading some to allege union busting Well I’m union president so I would make an exception. As for making an exception for the flu, well that’s just putting the cart before the horse Unions are SO 19th Century & have no place in the 21st Century. Get rid of them!
Source: Eater - 🏆 368. / 59 Read more »