American Airlines cutting 30% of management jobs
American Airlines will eliminate 30% of management and administrative jobs at the carrier as it moves to slash costs amid the impact ofon the travel industry, according to an internal memo. The company is also offering voluntary buyouts through June 10 in a further bid to rein in expenses as it loses millions of dollars daily operating fewer flights.
Although American Airlines received federal financial assistance to help lessen the blow from the coronavirus, “we need to reduce our cost structure, including our most significant expense — the cost of compensation and benefits,” Elise Eberwein, American’s executive vice president of people and global engagement, said in an email to employees. “And we must plan for operating a smaller airline for the foreseeable future.”