Airlines had been prohibited from cutting jobs until October 1 under terms of the $25 billion payroll support program under the CARES Act.
If unions agree to pay cuts and then Congress passes a payroll support extension passes, the pay cuts would be reversed, Kelly said. The airline is hoping to reach an agreement quickly, Reuters reported. "We simply don't have time for long, drawn-out, complex negotiations," Kelly said. Unions have typically been hesitant to give concessions, and groups representing Southwest's pilots and flight attendants expressed skepticism, the Journal reported.
Employees who are furloughed from airlines are given the option to return before the airline hires outside workers. But with airlines and trade organizations expecting demand to remain depressed until 2024, it could be a long time before those jobs return.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
Theyre not going to be able to avoid furloughs or layoffs, only delay them until SouthwestAir goes bankrupt.
CEO first.
CEO should lead by example and drop his salary to zero for 12 months....his stock options will be worth 10’s of millions when a widespread vaccine is released.
Good Afternoon Passengers, this is your Pilot, Captain Obvious.
cut out all the corporate stimulus too?
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