AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals. Sources familiar with American's plan said the job cuts detailed by executives in a meeting with labour groups yesterday would be part of an overall effort to reduce operating expenses by more than $2bn (£1.27bn) annually.
American Airlines takes axe to jobs
Thursday 2nd February 2012, 2:19am
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