American Airlines: Letter To Employees

The parent company of American Airlines (AA) says it will cut around 15% of its workforce. American Airline which filed for bankruptcy protection, also wants to make changes to its staff pensions. The airline lost about $884m and more in the first nine months of 2011. AMR's chief executive, Thomas W Horton said in a letter to his employees "We are going to use the restructuring process to make the necessary changes to meet our challenges head-on and capitalise fully on the solid foundation we've put in place." By that he means the company would move on from bankruptcy with fewer workers.
On February 2, 2012, American Airlines announced they will be cutting 13 thousand jobs to save a billion dollars. The biggest cuts are about 4,600 and