With layoffs looming across the US airline industry, carriers are trying to avoid forced job cuts by offering employees incentives to leave voluntarily.announced voluntary buyout offers for some employees.
Whether to accept the buyouts or not can be a difficult choice for workers for whom it's not easy to determine whether they'll be targeted by layoffs. American and United have both said they expect to lay off around 30% of administrative and management workers, while Delta has not publicly stated a number.For many airline workers, their job is just that: a job. You go in, do your day's duties, and head back home.
In his current role, John is considered a manager, rather than a frontline unionized employee. He's loved virtually every aspect of his job, but recent months have been hard. Despite some moments of optimism from American Airlines CEO Doug Parker and president Robert Isom, the airline said last week that it would need to downsize its management and support staff by 30% to survive the crisis.
Those employees will also continue to get flight benefits for five years, and will get 250,000 frequent-flyer miles. Employees who take their chances and are laid off will not receive severance, will be eligible for COBRA at full rates, and get one year of continued flight benefits.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram to share ad revenue with influencers - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump announces he's 'terminating' the US relationship with the World Health Organization - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Someone get this guy out of office. Like a little child ignoring his problems. Oh and when the looting starts, the shooting starts What on earth does that mean? The US will drown in their own ignorance. CNN,ABC,NYTIMES,WASHINGTONPOST,MSNBC,CBSNEWS,FOXNEWS,AP,BBCWorld,Reuters Trump is an idiot NOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrumpNOTrump
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft News cuts dozens of workers in shift to AI-driven news - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Most efficient way to fund basic income healthcare through taxes directly on stock market not income tax that can be avoided but kn the trading of shares 50 million shares trade everyday at average of $30 per models show 7% as an optimal amount That J degree you spent Mom & Dads hard earned money on and you end up getting shit canned for WALL-E Microsoft news switches to AI driven format Wow Thanks humans we’ll take it from here 😉
Source: BusinessInsider - 🏆 729. / 51 Read more »
Whole Foods fires worker who tracked COVID-19 cases in stores: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'm sure that, that is a violation of rights... Fuck Jeff Bezos Weak bezos.....bozo
Source: BusinessInsider - 🏆 729. / 51 Read more »
VCs at Alphabet's GV reveal 3 healthcare companies they admire - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »