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To: Original Mad Dog who wrote (14730)	8/13/2002 12:33:14 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 17639

>>American has 101,000 employees. If the headline read, "American retains 94,000 employees", and then the article mentioned that of the other 7,000, 2,000 were gonna retire anyways, another 3,000 will have jobs within four to six months (before their generous severance expires), it wouldn't seem so bad.<< "another 3,000 will have jobs within four to six months (before their generous severance expires") they cannot say that because there is no way to predict with a certainty that outcome. additionally, there is no way to predict that those employees will have jobs at or above the same pay scale. and let's not forget the other "stealthy" ways they are trimming employment.... apfa.org FORT WORTH - Despite assurances from executives, many American Airlines employees are bracing for layoffs that some union leaders say could happen as early as next month. Rumors have been swirling all summer among pilots, flight attendants and ground workers that American, the world's largest airline, will be cutting more employees before the year is out. Officials with the Allied Pilots Association said Tuesday that some pilots might be furloughed in September as the summer travel season ends. The airline typically retools its schedules and capacity after summer, said Todd Wissing, an American pilot and union spokesman. The extent to which the changes will require layoffs depends on how many people will be flying the airline during the fall and winter, he said. "Everything is going to depend on the bookings and travel forecast," Wissing said. George Price of the Association of Professional Flight Attendants agreed that September is a likely time for American to cut back its capacity. He hopes that the airline will avoid laying off flight attendants by offering vacations and short-term leave until travel bounces back. Although the airline furloughed thousands of employees soon after the Sept. 11 terrorist attacks, it called many back this year. Chief Executive Don Carty told employees last month that although future job cuts were inevitable, the airline would focus on reductions through attrition rather than mass layoffs. American spokesman Todd Burke confirmed Tuesday that the airline still views attrition as the best way to reduce the work force. For example, management recently reduced the retirement age for nonunion workers to 60 in order to spur more early retirements. But the airline hasn't promised to take layoffs off the table. Absent specific details, some employees fear that the new plan could include significant job reductions. "There is definitely a lot of chatter about big layoffs," Price said. "But we don't have any concrete information." Wissing pointed out that other airlines have cut more employees than American in the past year. He said union officials hope to meet soon with managers to discuss the concerns, but nothing has been scheduled. Trebor Banstetter, (817) 390-7064 tbanstetter@star-telegram.com ONLINE: American Airlines, www.aa.com Allied Pilots Association, www.alliedpilots.org

To: Original Mad Dog who wrote (14730)	8/13/2002 12:38:32 PM
From: AugustWest	Read Replies (1) \| Respond to of 17639

Good points about those getting laid off. I hadn't looked at it that way. <<But if we don't listen to him and he speaks, does he really say anything?>> It's going to be tough not to hear him. O'Neill to travel throughout US to gauge economic recovery through fall WASHINGTON, Aug 12, 2002 (AFX-UK via COMTEX) -- Treasury Secretary Paul O'Neill will take a number of domestic trips in coming months through all regions of the country to speak about the Bush administration's economic agenda and gauge the state of the recovery, said chief Treasury spokesman Michele Davis. After heading a panel at President George Bush's economic forum tomorrow in Waco, Texas, O'Neill will visit Portland, Oregon, Seattle, and Denver later this week to meet with local employers and speak about the economy, Davis said in a press briefing. Tomorrow's session is geared "to get a sense of how the recovery is progressing in different regions of the country," she explained, but will also sound out attendees about potential need for further economic stimulus measures. "Part of this forum tomorrow and going forward will be to hear from a lot of people about their thoughts if they have ideas to add to the economic agenda," Davis said. Tomorrow's forum will include representatives from business, labor, and academia, as well as government. O'Neill will appear in televised interviews through the day from Texas, Davis added. Earlier today, O'Neill met with 15-25 representatives from the Financial Services Roundtable, an association of financial firms, as part of "regular outreach" to business and other groups. The representatives informed O'Neill of their view that "the recovery is underway, it's not creating jobs as fast as we like it to, (but) the signs are all positive for recovery," according to Davis. Davis also said that the Treasury Secretary still sees US GDP growth accelerating to 3.0-3.5 pct by the end of this year, when asked if his views had altered in tandem with those of Wall Street economists, many of whom have downgraded their GDP forecasts for this year. This fall, O'Neill plans "several" domestic trips to discuss the economy, she said. O'Neill's stepped up schedule of domestic travel comes after criticism earlier this summer in newspaper editorials and from some quarters in Congress at a lack of leadership in the Bush administration's economic team, and at O'Neill's heavy schedule of foreign travel. He came under fire for being in central Asia as US stock markets sank sharply. O'Neill most recently returned Thursday from his first official trip to South America. Political analysts have noted that the Bush administration is hoping for better news on the economy ahead of the November mid-term Congressional elections. chris.anstey@afxnews.com cxa/gc NNN Copyright 2002. AFX News Ltd. All rights reserved. -0- KEYWORD: United States of America SUBJECT CODE: Macroeconomic Stories * end of story *