Breaking Point

Without PSP, AA Cuts 40,000

August 26, 2020 Admin 0

August 26, 2020

American Airlines announced plans to eliminate the jobs of “at least” 40,000 employees.

The furloughs would begin within hours of the expiration of the Payroll Support Program (PSP), the section of the CARES Act scheduled to end on October 1, just over a month before Election Day. The IAM has responded by calling on members to make a last stand on Capitol Hill and redouble efforts to convince lawmakers to renew funding for the PSP, which has stalled in the Senate. Airline executives agree that legislative action, if taken soon, would prevent the job cuts. 

In a … Read More...