American Airlines said on Tuesday it has notified more than 11,000 workers they could lose their jobs as part of its bankruptcy reorganization, and added it is cutting flights by one to two percent for the rest of September and October.
The U.S. carrier, which filed for Chapter 11 protection last year, expects fewer than 40 percent of those it sent notices to, or 4,400 people, will actually be laid off in November and December, spokesman Bruce Hicks said.
The layoff notices were required under the Worker Adjustment and Retraining Notification Act, which requires employees to be informed 60 days before major layoffs or plant closures.
Source: Reuters. Read full article. (link)