United Airlines, walloped hard like other airlines by the Covid-19 pandemic, said it plans to lay off more than 16,000 employees.
The Chicago-based carrier (Nasdaq: UAL) said that despite months of cost-cutting maneuvers, it was being forced to cut more jobs.
“Unfortunately, all of our efforts so far to cut costs, raise debt and introduce voluntary options have not been enough to avoid involuntary furloughs entirely. Today, each of our operations leaders communicated directly with their teams to…
Source: The Business Journal
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