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

6,800 jobs
Number of planned job losses
Job loss
Announcement Date
4 July 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008

Description

American Airlines has announced a reduction of its workforce worldwide due to increasing energy prices this year. The company´s management has informed trade unions about its intention to dismiss up to 900 people in early September 2008. The firm has also announced that over 6,800 workers ( i.e. 8 percent of the staff) might lose their jobs by the end of 2008.


Sources

  • 4 July 2008: Hospodárske noviny

Citation

Eurofound (2008), American Airlines, Internal restructuring in World, factsheet number 66886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66886.