$44.4 billion obama bailout recipient United Airlines to furlough over 16,000 employees in October

[Leroy N. Soetoro]

https://www.foxbusiness.com/economy/united-airlines-furloughs-coronavirus-
pandemic

United Airlines said in an internal memo that it plans to furlough 16,370
employees in October, becoming the latest U.S. carrier to announce massive
layoffs as the coronavirus pandemic continues to batter the travel
industry.

That includes up to 2,850 pilots, 6,920 flight attendants and 2,010
technicians. Other workers that will be affected by the layoffs are the
catering team (320); contact center employees (430); management and
administrative team (1,400); and network operations center employees
(180).

Under the terms of a $25 billion bailout fund that was created earlier
this year as part of the CARES Act, airlines are prohibited from cutting
jobs or reducing workers' pay through Sept. 30. United received $5 billion
through the program.

Ticker Security Last Change Change %
UAL UNITED AIRLINES HLDG. 36.89 +0.88 +2.44%
Airlines are required to inform employees of mass layoffs 60 to 90 days
ahead of time.

Over the summer, United sent layoff warnings to 36,000 employees, nearly
half of its U.S. staff, but whittled the number down by offering early
retirement packages, voluntary leave and reduced hours programs.


Including international employees, United has a total workforce of roughly
95,000.

WHITE HOUSE LOOKING AT EXECUTIVE ACTION TO HALT AIRLINE FURLOUGHS,
LAYOFFS: MEADOWS

Air travel plunged 95% between March and mid-April, when the COVID-19
crisis brought the nation's economy to a grinding halt. It's started a
tepid recovery since then, but remains well below pre-pandemic levels.

"The pandemic has drawn us in deeper and lasted longer than almost any
expert predicted, and in an environment where travel demand is so
depressed, United cannot continue with staffing levels that significantly
exceed the schedule we fly," the memo to employees said. "Sadly, we don’t
expect demand to return to anything resembling normal until there is a
widely available treatment or vaccine."

Ticker Security Last Change Change %
AAL AMERICAN AIRLINES GROUP INC. 13.23 +0.13 +0.99%
DAL DELTA AIR LINES INC. 31.14 +0.43 +1.40%
The Trump administration is eyeing an executive action to prevent airline
furloughs as Congress remains deadlocked over another coronavirus relief
package.

American Airlines has said it would furlough or lay off about 19,000
workers starting in October, while Delta Air Lines said it plans to
furlough about 2,000 pilots effective Oct. 1.

AMERICAN AIRLINES TO FURLOUGH 19,000 WORKERS

“We’ve got four executive actions that actually the president took, we’re
going to take a few others," White House chief of staff Mark Meadows said
last week. "Because if Congress is not going to work, this president is
going to get to work and solve some problems. So hopefully we can help out
the airlines and keep some of those employees from being furloughed.”



--
No collusion - Special Counsel Robert Swan Mueller III, March 2019.

Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.

Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump has boosted the economy, reduced illegal immigration,
appointed dozens of judges and created jobs.

Senile loser and NAMBLA supporter Nancy Pelosi got "Trumped" on February
5, 2020. "President Trump, Not Guilty."