Southwest issues layoff warnings to 6,828 employees
Reuters
Published Dec 03, 2020 01:16PM ET
Updated Dec 03, 2020 01:35PM ET
(Reuters) - Southwest Airlines (NYSE:LUV) Co said on Thursday it had issued notices to 6,828 employees warning them that they could be furloughed, amid a slump in demand for air travel due to the coronavirus crisis.
The involuntary furloughs will happen on March 15 or April 1, unless Southwest reaches cost-saving agreements or the government enacts a satisfactory Payroll Support Program extension.
Bloomberg News had reported https://www.bloomberg.com/news/articles/2020-12-03/southwest-ramps-up-layoff-warning-with-notices-on-6-828-jobs?sref=I5jUJbND the layoff notices earlier on Thursday.
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Written By: Reuters
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