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July 3, 2008

Tough Times: Cuts at American, Midwest

Filed under: News, American, Midwest — Rick Seaney @ 2:47 pm

American airlines is going to be laying off some 6,840 workers by the end of the year.

But American isn’t the only airline cutting back and no job seems to be safe (witness United’s recent announcement that they’ll be furloughing nearly 1,000 pilots.)

Executives are getting hit as well. Midwest Airlines CEO Timothy Hoeksema announced this week that his employees can expect pay cuts.

The biggest cut at Midwest? His own. CEO Hoeksema’s pay will be slashed by 40%.
« United Celebrates the 4th — With the 21st Airfare Hike Attempt of 2008   Amid 4th of July Celebrations — Remembering the Airline Crews of 9/11 »

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