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After spending years giving profits to shareholders and executives, and laying off staff, American Airlines can't find people to work for it


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  • CitizenVectron changed the title to After spending years giving profits to shareholders and executives, and laying off staff, American Airlines can't find people to work for it
26 minutes ago, CitizenVectron said:

 

 

lol boo hoo

 

Remember last year in June when they said they would have a hard time avoiding furloughs because they'll have more workers than needed in July 2021?

 

?m=02&d=20200627&t=2&i=1523854658&r=LYNX
WWW.REUTERS.COM

American Airlines Group Inc <AAL.O> expects to have between 10% and 20% more workers than needed in July 2021, Chief Executive Doug Parker told employees at a town hall this week, and said that avoiding furloughs will be difficult.

 

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51 minutes ago, Spawn_of_Apathy said:

The company should be forced to close, but the CEO and other executives, board members, and major share holders should still be on the hook to pay the active pensions for the rest of their lives or until all AA pensioners have died. 

That seems a bit excessive. Especially considering all the employees it would impact. Not to mention AA provides a huge portion of passenger uplift for the US economy. Other airlines would take a very very long time to cover that flying.
 

We just need a more regulated system for the executives. Hell, I would have loved to see the acceptance of the bailouts last year require new executive staffing to be required. All the big airlines had huge stock buybacks over the last decade that would have helped them stay afloat longer. Instead they let their debt increase while temporarily appeasing the stockholders.

 

Punish the execs, not the workers.

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