American will make 30% of its workforce redundant as it resizes its operation in response to the impact of COVID 19 the carrier said in a letter to employees. “Although our pre-pandemic liquidity, the significant financial assistance provided by the government, and the cash we’ve raised in the capital markets provide a foundation for stability, we need to reduce our cost structure, including our most significant expense – the cost of compensation and benefits. And we must plan for operating a smaller airline for the foreseeable future,” said executive vice president of people and global engagement Elise Eberwein said in

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