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, grounding of older aircraft and revised supplier contracts, AMR CEO Tom Horton tells staff in a memorandum issued yesterday. All employee groups will be affected by the job losses as the ...


You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "AMR To Shed 13,000 Jobs As Part Of $2 Billion Cost-Saving Plan".


Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to for access.


Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.