Thousands of Southwest workers opt for voluntary buyouts - TravelMole


Thousands of Southwest workers opt for voluntary buyouts

Sunday, 21 Jul, 2020 0

More than a quarter of Southwest Airlines’ workforce have agreed to voluntary buyouts or extended leave.

That amounts to nearly 18,000 workers as the airline prepares to be ‘dramatically smaller’ after the summer.

Southwest CEO Gary Kelly said 4,400 employees signed up for voluntary separation and a further 12,500 agreed to extended leave of between six and 18 months.

About one-third of all flight attendants applied.

"I’m incredibly grateful to those of you who answered the call," Kelly told employees in an audio message.

Southwest said employees can still withdraw the offer.

The airline may still need to make forced job cuts but will likely update this later this week when it announces its earnings.

The airline has never made involuntary job cuts in its 49-year history.

The Dallas-based carrier agreed a new government loan under the US$2 trillion Cares Act and will decide whether to use it before payroll protection funds run out at the end of September.

 

By Ray Montgomery, US editor



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail

Sophia Hyder Hock on Global Social Inclusion in Tourism

Sustainable Tourism: Don Welsh on Community Values and Global Collaboration

Jane Cunningham: Enhancing European Engagement in Tourism

Kristin Dunne: Navigating Destination Strategy

Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM

Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life

Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms

Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand

Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims

TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka

Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari