FORT WORTH, Texas (AP) — Two major unions at American Airlines are asking the company to offer incentives for workers to retire early as a way to reduce planned layoffs.
The Association of Professional Flight Attendants and the Transport Workers Union made separate early-out offers to the company on Wednesday. The pilots' union, which stands to take the lightest hit from layoffs, did not immediately comment on whether it would make a similar proposal.
American said two weeks ago that it planned to cut 13,000 jobs, end pension plans and make other changes to save $1.25 billion a year in labor costs. American and parent AMR Corp. filed for bankruptcy protection on Nov. 29. AMR has 88,000 full-time and part-time employees, including nearly 74,000 at American.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.