Delta To Furlough?
05-24-2020, 01:22 PM
#1945
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,458
Originally Posted by sailingfun
Guillaume Faury warned in a letter to workers, first reported by Bloomberg, that a recent plan to cut production rates by one-third didn’t reflect the worst-case scenario, and would be kept under review.
“We’re bleeding cash at an unprecedented speed, which may threaten the very existence of our company,” Faury wrote in the letter to staff sent late on Friday. “We must now act urgently to reduce our cash-out, restore our financial balance and, ultimately, to regain control of our destiny,” he added.
“We’re bleeding cash at an unprecedented speed, which may threaten the very existence of our company,” Faury wrote in the letter to staff sent late on Friday. “We must now act urgently to reduce our cash-out, restore our financial balance and, ultimately, to regain control of our destiny,” he added.
That's French for "Never let a crisis go to waste." EB isn't the only executive looking for a decade of concessions from a year of crisis.
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