Reported 13 days ago
Southwest Airlines is offering buyouts and extended leaves to airport workers to address overstaffing, which it attributes to delays in new plane deliveries from Boeing. The airline aims to reduce its workforce by 2,000 by year-end, focusing on ground operations roles while excluding pilots and flight attendants. The decision follows pressure from a hedge fund to improve profitability amidst a significant drop in stock prices since early 2021.
Source: YAHOO