American Airlines is the latest of the airline companies to announce cost-cutting methods to boost their numbers. The parent company of the airliner wants to shed some 13,000 jobs. That amounts to about 15 percent of its entire workforce nationwide. The goal for the company is to give itself a fighting chance as it pulls out of bankruptcy protection in the coming months.
Shedding Jobs Fast
In order to pull itself out of bankruptcy, American Airlines must find a way to reduce labor costs by as much as 20 percent. The company, which is the third largest in the United States, will begin working with its three unions to find where jobs will be cut. No specific positions were announced but the company did say it plans to slash worker and management jobs.