AMR expects about 4,400 job cuts, warns 11,000
American Airlines is sending layoff warning notices to more than 11,000 employees although it expects job losses to be closer to 4,400
Found more than 1 month ago on channel CBS
Labor woes worsen at American Airlines
Wednesday, September 19, 2012 - 15:24 Joe Raedle/Getty Images American Airlines employees help travelers at the ticket counter in the Miami International Airport on September 18, 2012 in Miami, Florida. American Airlines is hitting some strong turbulence as it makes its way through bankruptcy reorganization, toward a possible merger with U.S. Airways. Tense relations between the carrier and its labor unions seem to be catching passengers in a morass of late and canceled flights. Widespread flight delays are being reported just as American's parent company, AMR, is sending layoff warning notices to more than 11,000 employees. The notices mean the workers could lose their jobs within the next two months. Up to 6 percent of the carrier's flights have been canceled in the past few days, while as many as six in ten of its remaining planes have arrived late. Union pilots had already accused the carrier of using the bankruptcy process to wring out "punitive" cost-cutting concessions. Now, Allied ...
Airline Merger First Raised in Fall 2011
US Airways and American Airlines parent AMR revealed that there had been fleeting mentions about a combination before AMR filed for bankruptcy-court protection in late 2011.
Judge Rejects $20 Million Payout for AMR Chief
A federal judge has rejected a $20 million severance package to Tim Horton, the CEO of American Airlines parent AMR, ruling the payment violated bankruptcy law's restrictions on payments to corporate insiders.
Judge Approves AMR Merger, Denies CEO Payout
The $11 billion merger of American Airlines and US Airways won bankruptcy-court approval. But the judge decided not to approve a $20 million severance package for outgoing American CEO Tom Horton.
Trustee queries severance offer for AMR chief
The trustee overseeing American Airlines' bankruptcy has asked the carrier to justify its offer of $19.9 million in severance pay to Chief Executive Tom Horton, part of compensation linked to its merger with US Airways Group .
Found more than 1 month ago on channel Reuters