American Airlines To Announce More Management Job Cuts
Airnation.net Newswire
American Airlines are expected to announce today the next round of management job cuts as the carrier works to shed costs amid its bankruptcy reorganization. The cuts could be as deep as 1,400 jobs.
In addition, American confirmed Tuesday that it will reduce its schedule by about 1 percent in July. It cited “a number of factors, including increased reserve utilization due to higher-than-normal pilot sick usage.”
The management cuts are part of American’s stated intention of reducing its head count of management and support people by 15 percent, or about 1,400 positions, by late summer.
The restructuring began shortly after Tom Horton took over as chairman and chief executive Nov. 29, the day AMR, American and other subsidiaries filed for Chapter 11 bankruptcy.
AMR has eliminated the positions of a number of executive vice presidents, senior vice presidents and vice presidents as executives examined the management structure. Boston Consulting Group is advising the air carrier on the changes.
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