Airline Discussion Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Airline Discussion Board

JETS 24.93

-0.8%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

OldAIMGuy

From: Moonray	12/28/2020 1:12:12 PM
	1 Recommendation of 1868

Southwest Airlines rescinds more than 7,000 furlough notices as airlines get more aid Leslie Josephs Southwest Airlines is halting plans to furlough some 7,000 employees after President Donald Trump signed the coronavirus relief bill, which includes $15 billion in airline payroll support. Southwest had asked unions to accept pay cuts and other concessions with revenue and travel demand at less than half of last year’s levels, or risk furloughs. The furloughs would have been the first in its nearly 50 years of flying. “We’ve begun unwinding the official notifications you’ve received, so let me be clear—our efforts related to furloughs and pay cuts are stopped,” CEO Gary Kelly said late Sunday in an employee note, which was reviewed by CNBC. Southwest doesn’t “anticipate any furloughs for all of next year,” said Kelly, reiterating Southwest’s previously announced plan if the bill passed with more federal support for airlines. Non-union employees that were on track to get 10% pay cuts next year will keep their current salaries. The airline aid in the $900 billion coronavirus relief bill requires carriers to recall workers they might have furloughed earlier this year when the last package expired. United Airlines says the roughly 13,000 employees it furloughed in October can come back but warned it would likely be “temporary” because it doesn’t expect a significant improvement in travel demand in the first quarter. o~~~ O

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next