American Airlines says it will cut 19,000 jobs unless it gets more help from Congress
It said that 12,500 had agreed to leave the company with early retirement or buyout packages, and another 11,000 had agreed to voluntary furloughs for October
American Airlines says it will lay off or involuntarily furlough 19,000 employees as of Oct. 1 unless the airline industry gets more help from Congress.
The world's largest airline, which had 133,700 employees heading into this year, says it will need to reduce headcount by "at least" 40,000 employees, reports the CNN.
It said that 12,500 had agreed to leave the company with early retirement or buyout packages, and another 11,000 had agreed to voluntary furloughs for October.
"Even with those sacrifices, approximately 19,000 of our team members will be involuntarily furloughed or separated from the company on Oct. 1, unless there is an extension of the [federal help]," said the letter than American CEO Doug Parker and President Robert Isom sent to employees.
