American Airlines to lay off 11,000 employees

American Airlines is sending layoff warning notices to more than 11,000 employees, although a spokesman says the company expects job losses to be closer to 4,400.

 

The notices went out to mechanics and ground workers whose jobs will be affected as American Airlines goes through a bankruptcy restructuring. American Airlines spokesman Bruce Hicks says fewer than 40% of those getting notices are expected to lose their jobs.

 

Hicks said federal law requires the company to notify anyone whose position could change, including those who could get “bumped” by more-senior employees whose jobs are eliminated or outsourced.

 

American said in February that it planned to cut 14,000 jobs, including 13,000 held by union workers. But if Hicks is right, the final job losses will be about a third of that. Newser.com

 

 

FACTS & FIGURES
 

 

 

Over the summer American accepted slightly smaller cost-cutting measures as it negotiated new labor contracts, and it agreed to give bonuses to flight attendants and ground workers who quit. So far 1,800 flight attendants and 800 ground workers have applied to take the money and leave. Huffington Post

 

Layoff notices went to nearly 3,000 workers in the Dallas-Fort Worth area, where a maintenance facility will close, and nearly 3,000 more at a base in Tulsa, Okla. Also receiving notices were about 1,200 workers in Miami, 1,100 in New York and Newark, N.J, 900 in Chicago, and smaller numbers elsewhere. Huffington Post

 

The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. Bureau of Labor Statistics

 

In July, 142,220,000 Americans were working. In August, only 142,101,000 Americans were working. So the number of Americans working fell by 119,000 and yet the government would have us believe that the unemployment rate actually declined from 8.3 percent to 8.1 percent. The Economic Collapse

 

Economists attribute the workforce decline, which accelerated with the country’s economic problems, both to an aging population and the despair engendered by an unemployment rate that has hovered above 8 percent for 43 consecutive months. Washington Post

 

If the labor participation rate was sitting at the 30 year average of 65.8 percent, the unemployment rate in the United States would actually be 11.7 percent. (PressTV)

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