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US Airways (NYSE: LCC) is trimming 600 ground jobs and closing other services in an effort to cut costs. The airline had hoped not to cut this many positions, anticipating that resignations and departures would do the hard work for it. But employee attrition fell sharply from last year – probably because this isn't exactly the best market for job hunting. Unfortunately, the same reasons that cause employees to stay force US Airways to cut them loose.
At nine airports, US Airways is moving to outside contractors for ramp work. The Las Vegas US Airways Club will close and its staff cut. Also, the walk-up ticket counter at the airline's Tempe, AZ headquarters is on the chopping block.
The ground crew isn't the only part of the airline at risk. US Airways is asking 400 flight attendants to take voluntary furloughs as an alternative to layoffs.
The situation for the airline is pretty grim. Passenger revenue has plunged to below post-9/11 levels, and the company is expected to report a Q2 loss of around $88.5 million, or 80 cents per share, on July 23, 2009, according to analysts surveyed by Thomson Reuters.
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Reader Comments (Page 1 of 1)
7-16-2009 @ 12:12AM
Tim Kirkwood said...
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