Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

7,000 jobs
Number of planned job losses
Job loss
Announcement Date
10 September 2002
Employment effect (start)
Foreseen end date
1 September 2002

Description

The working force will be reduced by 6.5% and the capacity of 9%. This is due to huge losses (1.07 billion USD).


Sources

Citation

Eurofound (2002), American Airlines, Internal restructuring in World, factsheet number 59405, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59405.