United Airlines to Slash Office Jobs by 30% After Government Aid Will Run Out
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May 5, 2020 - by Justin Bachman for bloomberg.com
United Airlines Holdings Inc. will cut at least 30% of its managerial and administrative jobs when government restrictions lift in October, bracing for a prolonged travel slump in the age of Covid-19.
In addition to cutting the roughly 3,500 positions, the company will require that management and administrative employees take 20 days off without pay between May 16 and Sept. 30 to help pare costs, Kate Gebo, executive vice president of human resources, said in an internal memo Monday. Employees in "non-operational" roles will begin working a four-day week, and cash severance payments will end for managers who are laid off.
The cutbacks are the latest indication that there will be mass job losses in the U.S. airline industry when the federal government's $25 billion in payroll support runs out at the end of September.
The coronavirus outbreak has prompted a decline of about 95% in U.S. airline passenger totals, and...
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