Originally Posted by
NWARet
On Wednesday, February 1st, American Airlines announced that it will take the advice of Mitt Romney’s firm, Bain Capital, and lay off 13,000 workers -15 percent of its workforce- replacing their pension plans with 401(k) plans and ending company-paid retiree healthcare.
The lay off announcement came only seven days after American Airlines hired Bain Capital to guide it through a bankruptcy procedure for which the airline had filed last November.
Me wonders if these are not requirements imposed upon AMR by outside buyers prior to making the purchase. Do X, Y, Z, and then we will buy you guys.