United Airlines plans 30% cut to management ranks from October: company memo By Reuters

May 4, 2020 admin Stock News 0

© Reuters. FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop

(Reuters) – United Airlines Holdings Inc (O:) has told employees that it expects its management and administrative ranks to be around 30% smaller starting in October, according to a company memo seen by Reuters.

United is among U.S. airlines that have accepted U.S. government payroll aid that bans job cuts until Sept. 30. United has warned that air travel demand hit by the coronavirus pandemic is unlikely to have recovered by that date, forcing it to downsize.

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