AMR Corp., The parent company of American Airlines that the airline was bankrupt, is planning to impose mass layoffs. The victim is 13 000 employees and retirement benefits were eliminated for the sake of efficiency of the company to re-compete the aviation services business.
According to news agency Reuters, mass layoffs announced by AMR executives, a company based in the U.S., on Wednesday. With the drastic policy, the AMR will save more than U.S. $ 2 billion per year.
"As you know, our major competitors have implemented a major restructuring process to change and become more competitive in every aspect of their business," said AMR Chief Executive Corporate, Tom Horton, in a letter to employees. According to him, all business groups AMR will have a budget reduction of 20 percent, including the management team.
Airline American Airlines in November last year have filed for bankruptcy court protection in New York. One of the major U.S. airlines suffered losses of U.S. $ 10 billion in the last decade.
AMR seems to follow in the footsteps of competitors who have implemented savings and corporate restructuring. Three U.S. airlines, United Airlines, Delta Air Line, and U.S. Airways merger has been implemented and the reform of the structure between 2002 and 2010.
Strategies that make them again reap profits despite the relatively high world oil prices, which is almost U.S. $ 100 per barrel. In contrast, American Airlines last December suffering losses of U.S. $ 900 million.
"In fact, we are losing money every day," said Jeff Brundage, American Airlines Vice President of field personnel. viva
According to news agency Reuters, mass layoffs announced by AMR executives, a company based in the U.S., on Wednesday. With the drastic policy, the AMR will save more than U.S. $ 2 billion per year.
"As you know, our major competitors have implemented a major restructuring process to change and become more competitive in every aspect of their business," said AMR Chief Executive Corporate, Tom Horton, in a letter to employees. According to him, all business groups AMR will have a budget reduction of 20 percent, including the management team.
Airline American Airlines in November last year have filed for bankruptcy court protection in New York. One of the major U.S. airlines suffered losses of U.S. $ 10 billion in the last decade.
AMR seems to follow in the footsteps of competitors who have implemented savings and corporate restructuring. Three U.S. airlines, United Airlines, Delta Air Line, and U.S. Airways merger has been implemented and the reform of the structure between 2002 and 2010.
Strategies that make them again reap profits despite the relatively high world oil prices, which is almost U.S. $ 100 per barrel. In contrast, American Airlines last December suffering losses of U.S. $ 900 million.
"In fact, we are losing money every day," said Jeff Brundage, American Airlines Vice President of field personnel. viva
