like buyouts, voluntary leave, and early retirement. On Wednesday, American announced new offerings, including one aimed at more junior employees which allows for a continuation of subsidized medical benefits for up to 18 months, according to an internal document seen by Business Insider.
While airlines are prohibited from furloughing or laying off workers until October 1 under the terms of the payroll support they received from the CARES Act, most employers are required to give 60 days of notice when possible under the WARN Act. The airline said that not every worker who received a WARN notice would be impacted and that the final number would depend on how many more employees take voluntary leave and buyout packages, as well as whether demand makes an unexpected recovery by next month.
Workers who are ultimately furloughed could end up being recalled once travel demand improves. However, the airline has said it does not expect a full recovery until there is an effective vaccine or treatment for the novel coronavirus.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.
The Friendly Skys have become a lot less friendly... for employees! BTW, Oct. 1 is when rules from federal stimulus grants and loans expire and carriers are free to lay off workers. AmericanAirlines FindSomethingNew
That $5.8 billion in PPP funds went where exactly?
hoax? lol
Nowhere near enough. Traffic is down nearly 90%
Failed business model then, they are ALWAYS asking for $$$.
you mean even with the middle seat filled?!?!?!?!?! shocking!!!!!!!!!
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