Business

American Airlines warns of as many as 13,000 layoffs

American Airlines will notify 13,000 workers that they could be laid off due to the prolonged industry downturn if the Covid-19 situation doesn't improve and US government aid is not extended, the carrier said Wednesday.

Business

Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'

European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the "gravest crisis" the industry has ever seen caused by the coronavirus.

1,000 jobs to go at German aircraft engine firm

German aircraft engine manufacturer MTU Aero Engines said Monday it is planning to cut at least 1,000 jobs as the impact of the coronavirus continues to hammer the aviation industry.

Business

United plans to furlough 16,000 workers, fewer than expected

United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a slow recovery ...

Business

US airlines to end year with 90,000 fewer workers

Hit with a collapse of demand, US airlines will end the year with the lowest number of workers since at least 1987, 90,000 fewer than when Covid-19 hit, an industry federation said Thursday.

Business

American Airlines reports $2.4 bln loss in Q3

American Airlines announced Thursday that its earnings plunged 73 percent in the third quarter amid the collapse in air travel during the coronavirus pandemic, causing a loss of $2.4 billion, which was not as bad as analysts ...

Business

Workers of Samsung unite, new union tells chipmaker staff

Under the watchful gaze of Samsung Electronics security personnel, health and safety staffer Ko Jee-hun stood outside his semiconductor plant, handing out leaflets touting the benefits of joining a trade union.

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