There has been an uptick in travel in recent weeks, but the airline industry remains largely idled
3 min read
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.
IMMOBILIZED: Job cuts in the transportation industry have arrived this week by the thousands. The auto industry has suffered a number of setbacks, including interrupted production do to infection.
— American Airlines will cut its 17,000 management and support staff by 30, about 5,100 jobs. Layoffs may begin in October if enough employees do not take buyout offers.
Executive Vice President Elise Eberwein said in a memo to employees that nearly 39,000 people have signed up for partially paid…
Source news reuters.com, click here to read the full news.