P.M. BRIEFING : Pan Am Readies 10% Staff Cut
Pan American World Airways is poised to cut up to 10% of its work force, or about 2,800 workers nationwide, a newspaper reported today.
Airline officials in New York declined to comment on the report but Bill Genoese, director of the airline division of the International Brotherhood of Teamsters, which represents about 6,500 Pan Am employees, said the cuts were triggered by soaring fuel prices.
“Pan Am has plans to cut up to 10% due to the fuel crisis. The cuts will be across the board,” Genoese told the Miami Herald.
“Right now, I have no comment other than to say we are studying work force levels,” Pan Am spokeswoman Susan Timper said.
Pan Am could announce the cuts as early as Wednesday, when company Chairman Thomas Plaskett is scheduled to address analysts in New York, the Herald said.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
