Wednesday, July 16, 2008

Cutbacks continue, will this affect UK? yes!!!

Bankruptcies loom for airlines - report

As part of an effort to trim 6,800 jobs, or 8% of its work force, American Airlines announced Tuesday it is cutting 200 pilot jobs to cope with higher costs for jet fuel. "Any pilot reductions are regrettable, but the current economic environment is forcing us to make adjustments throughout the company," said the airline in a statement. "This proposal will help mitigate the unfortunate effects of a reduction in force." Midwest Airlines (MEH), announced Monday it will cut 1,200 jobs, or 40% of staff, and it will ground 12 planes by this fall.

Posted by mark @ 10:42 AM (501 views)
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