Airline Death Watch: Midwest Airlines Slashing 1,200 Jobs
When an airline announces that it's parking 12 of its 37 planes, you have to assume job cuts will follow. So when Midwest Airlines announced today that 40 percent of its staff--1,200 people--will either be furloughed or fired, we really weren't that surprised.
CEO Timothy Hoeksema, who's already taken a big pay cut himself, had this comment:
In order to successfully restructure, there is no way to avoid deep and painful reductions to our current workforce.
That may not be the end of the cuts, either. Midwest is still in talks, a press release says, with pilot and flight attendant unions to negotiate further "concessions."
Related Stories:
· Airline Death Watch: Are Midwest's Cookies Endangered? [Jaunted]
· Midwest Airlines Struggling to Avoid Death Spiral [Jaunted]
[Photo: phantom kitty]
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