American Airlines Plans To Cut 13,000 Jobs

Source:  Chris Isidore / CNN Money

NEW YORK – American Airlines told its unions Wednesday it plans to cut 13,000 jobs from the staff of 88,000 at the nation’s No. 3 airline.

The cuts will fall most heavily on the airline’s maintenance operations, which will lose 4,600 jobs. More than 4,000 additional ground worker jobs will be eliminated, as will 2,300 flight attendant jobs.

Management will be reduced by 1,400 employees, with the most narrow cut coming among pilots, which will only see a reduction of 400.

Thomas Horton, CEO of American Air parent AMR Corp. (AAMRQ), said in a letter to American employees, “We will end this journey with many fewer people. But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path.”

The airline and its unions will now negotiate over the company’s cost-cutting plans, but management can seek to have the bankruptcy court impose the changes if it can’t win concessions at the bargaining table.

To read this article in its entirety visit CNN.