American Airlines to Cut 2,500 Pilot Jobs
From Associated Press
About 2,500 American Airlines pilots will lose their jobs over the next year as part of the union’s $660 million in annual concessions to save the company from bankruptcy, union officials said.
As part of the agreement reached with the airline Monday, pilots’ salaries will be slashed 23% in the first year, beginning May 1, and 17% each subsequent year of the six-year pact, said John E. Darrah, president of the Allied Pilots Assn.
The pilots have 14 days to ratify the new contract.
