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American Airlines to cut 7,000 jobs by March 2003
Forth Worth, Usa - Capacity to be reduced by 9%
American Airlines announced a massive restructuring that will cut its work force by 7,000 jobs in an effort to make the world's biggest carrier competitive with lower-cost rivals. American, which has lost USD 2.8bn over the past 18 months, said the restructuring is critical to its long-term survival. In addition to cutting its work force by 5,6%, it will reduce its capacity by 9% and retire its entire...
AVIONEWS - World Aeronautical Press Agency - 32134
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency