American Airlines May Cut Up To 15,000 Jobs - Spokane, North Idaho News & Weather KHQ.com

American Airlines May Cut Up To 15,000 Jobs

MSNBC.COM - American Airlines may cut up to 15,000 jobs, or about 10 percent of its workforce, in an effort to cut costs at the struggling carrier, sources familiar with the situation told an NBC affiliate.

NBC 5 reported Wednesday that the airline's parent company, AMR Corp., would announce the job cuts during a meeting Wednesday in Fort Worth. AMR has been operating under bankruptcy protection since November and is in negotiations with its unions over cost-cutting measures.

Bloomberg, citing industry analysts, also reported that American was preparing to offer contracts that would eliminate 10,000 to 15,00 jobs and freeze pensions.

American employees about 74,000 full- and part-time workers plus 14,000 at regional carrier American Eagle, Bloomberg said.

AMR reported a loss  of $904 million in December alone.

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