AMR To Shed 13,000 Jobs As Part Of $2 Billion Cost-Saving Plan

AMR Corp. is shedding 13,000 jobs under a restructuring plan that is seeking some $2 billion in annual cost savings and a further $1 billion in improved sales. The cost cutting includes more than $1.25 billion from labor, while the remaining $750 million or so will come from debt restructuring...

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