Midwest Air to slash work force by 40 percent
07-14-2008 | 09:31 AM
#1
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From: Lav
Midwest Air to slash work force by 40 percent
Midwest Air to slash work force by 40 percent
1 hour, 59 minutes ago
CHICAGO (Reuters) - Midwest Airlines, a unit of Midwest Air Group, on Monday said it would cut its work force by 1,200 employees, or 40 percent, making it the latest airline to reduce staffing amid soaring fuel prices.
The company said it would begin notifying affected employees immediately. Midwest also said it was still in talks with unions representing its pilots and flight attendants on concessions needed to lower costs.
(Reporting by Kyle Peterson; editing by John Wallace)
Midwest Air to slash work force by 40 percent - Yahoo! News
http://phx.corporate-ir.net/phoenix....504&highlight=
1 hour, 59 minutes ago
CHICAGO (Reuters) - Midwest Airlines, a unit of Midwest Air Group, on Monday said it would cut its work force by 1,200 employees, or 40 percent, making it the latest airline to reduce staffing amid soaring fuel prices.
The company said it would begin notifying affected employees immediately. Midwest also said it was still in talks with unions representing its pilots and flight attendants on concessions needed to lower costs.
(Reporting by Kyle Peterson; editing by John Wallace)
Midwest Air to slash work force by 40 percent - Yahoo! News
http://phx.corporate-ir.net/phoenix....504&highlight=
Last edited by Squawk_5543; 07-14-2008 at 09:39 AM.
07-14-2008 | 09:35 AM
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when is this going to stop?????? Things out of control
07-14-2008 | 09:45 AM
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From: Gave up. Staying retired.
07-14-2008 | 09:55 AM
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From: Global Express Captain
tip of the iceberg I'm afraid. My wife is at AA and hanging in there by a thread. Another 6 months with these record high fuel prices and a lot of carriers would have gone through a lot of cash. The 10-14% cut this fall will slow the bleeding but will not cure the patient. Let's hope and pray oil dips back down very soon.
07-14-2008 | 10:06 AM
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I'm not sure how well capacity cuts will work. It will allow airlines to charge higher ticket prices, but will travelers be there to buy the tickets? I don't think so. Americans shop on price and are quite finicky. Even an across the board hike of $50 might be enough for some people to choose other options.
07-14-2008 | 11:22 AM
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And for god sakes...
DO NOT ACCEPT ANY CONCESSIONS!!!
Midwest is one of the lower paid major airlines. Pilots taking a paycut will not solve the problem or fix anything. You have already given up enough. Do not accept any concessions!
DO NOT ACCEPT ANY CONCESSIONS!!!
Midwest is one of the lower paid major airlines. Pilots taking a paycut will not solve the problem or fix anything. You have already given up enough. Do not accept any concessions!
07-14-2008 | 11:53 AM
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From: 757/767
I think we should hurry and vote for mccain since no one understands the economy better then him after all he will continue the last 8 yrs of prosperety, growth and stability. 
07-14-2008 | 12:16 PM
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From: 757/767 FO
I suppose you think Obama's willingness to sit down (with ZERO preconditions) with terrorists is going to improve our economy, confidence, or safety?
Obama has placed more preconditions on debates with McCain than he has on talking to terrorists (such as Ahmadinejad), who doing everything they can to kill Americans.
Wake up.
Obama has placed more preconditions on debates with McCain than he has on talking to terrorists (such as Ahmadinejad), who doing everything they can to kill Americans.
Wake up.
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