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 ...

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