• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Southwest asks its employees to accept salary cuts to avoid layoffs

Southwest asks its employees to accept salary cuts to avoid layoffs

October 6, 2020

Dubai volunteers bring relief to families of people who died from COVID-19

March 1, 2021
IAEA chief: Traces of uranium particles at site in Iran

IAEA chief: Traces of uranium particles at site in Iran

March 1, 2021
New Bangladesh protests as UN calls for overhaul of security law

New Bangladesh protests as UN calls for overhaul of security law

March 1, 2021
EU to propose vaccine certificates in time for summer holidays

EU to propose vaccine certificates in time for summer holidays

March 1, 2021
France’s Sarkozy convicted of corruption, likely to escape jail time

France’s Sarkozy convicted of corruption, likely to escape jail time

March 1, 2021
Solidarity Saudi Takaful posts $18.6m loss in 2020

Solidarity Saudi Takaful posts $18.6m loss in 2020

March 1, 2021
Pakistan hopes to save $3bn in new gas deal with Qatar

Pakistan hopes to save $3bn in new gas deal with Qatar

March 1, 2021
Najran Cement announces $34m cash dividend for second half of 2020

Najran Cement announces $34m cash dividend for second half of 2020

March 1, 2021
Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth

Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth

March 1, 2021
MENA to gain by investing in geospatial mapping

MENA to gain by investing in geospatial mapping

March 1, 2021
RTA upgrades Dubai’s marine transport services, launches enhanced generation of abras

RTA upgrades Dubai’s marine transport services, launches enhanced generation of abras

March 1, 2021
Volunteers bring relief to families of COVID-19 victims in Dubai

Volunteers bring relief to families of COVID-19 victims in Dubai

March 1, 2021
ADVERTISEMENT
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, March 1, 2021
  • Login
The Nizh Telegram
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Business
    • Politics
    • Science
    • World

    Dubai volunteers bring relief to families of people who died from COVID-19

    IAEA chief: Traces of uranium particles at site in Iran

    IAEA chief: Traces of uranium particles at site in Iran

    New Bangladesh protests as UN calls for overhaul of security law

    New Bangladesh protests as UN calls for overhaul of security law

    EU to propose vaccine certificates in time for summer holidays

    EU to propose vaccine certificates in time for summer holidays

    France’s Sarkozy convicted of corruption, likely to escape jail time

    France’s Sarkozy convicted of corruption, likely to escape jail time

    Solidarity Saudi Takaful posts $18.6m loss in 2020

    Solidarity Saudi Takaful posts $18.6m loss in 2020

    Pakistan hopes to save $3bn in new gas deal with Qatar

    Pakistan hopes to save $3bn in new gas deal with Qatar

    Najran Cement announces $34m cash dividend for second half of 2020

    Najran Cement announces $34m cash dividend for second half of 2020

    Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth

    Turkey emerges from COVID-19-hit 2020 with 1.8% economic growth

    MENA to gain by investing in geospatial mapping

    MENA to gain by investing in geospatial mapping

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup
    This anonymous hero is selling photos of the PS5 on eBay for speculative bots to buy

    This anonymous hero is selling photos of the PS5 on eBay for speculative bots to buy

    This was the TENDER reunion between Luis Miguel and his first LOVE after 30 years

    This was the TENDER reunion between Luis Miguel and his first LOVE after 30 years

    Ubisoft and Epic are giving gifts to gamers for Christmas

    Ubisoft and Epic are giving gifts to gamers for Christmas

    Huawei opens its search engine to all mobile phones and will compete with Google

    Huawei opens its search engine to all mobile phones and will compete with Google

    Buy PS5: 1 & 1 offers you a Sony PlayStation 5…

    Buy PS5: 1 & 1 offers you a Sony PlayStation 5…

    CPUs on the Horizon: New Notes on Rocket Lake, Alder Lake,…

    CPUs on the Horizon: New Notes on Rocket Lake, Alder Lake,…

    “By the numbers” The new Majestic Cinema TV channel 2020 frequency…

    “By the numbers” The new Majestic Cinema TV channel 2020 frequency…

    Between Us Hackers: Who is Eris Loris and How to Respond…

    Between Us Hackers: Who is Eris Loris and How to Respond…

    First degree murder charge filed against accused of hitting surfer Brian Ramos

    First degree murder charge filed against accused of hitting surfer Brian Ramos

    You can now check Xbox Series X / S and PS5…

    You can now check Xbox Series X / S and PS5…

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Ice-master Tanak claims Arctic Rally

    Ice-master Tanak claims Arctic Rally

    Liverpool beats Sheffield United 2-0 to end EPL losing run

    Liverpool beats Sheffield United 2-0 to end EPL losing run

    Campos tied for lead at home in Puerto Rico Open

    Campos tied for lead at home in Puerto Rico Open

    Man Utd frustrated by penalty row in Chelsea stalemate

    Man Utd frustrated by penalty row in Chelsea stalemate

    Man City win 20th straight game to lead by 13 points

    Man City win 20th straight game to lead by 13 points

    The streets of Riyadh to light-up again for race two of the Diriyah E-Prix

    The streets of Riyadh to light-up again for race two of the Diriyah E-Prix

    Al-Shabab president Al-Baltan hit with two-month ban for his part in racism row

    Al-Shabab president Al-Baltan hit with two-month ban for his part in racism row

    Solskjaer wary of Chelsea challenge in battle for top four

    Solskjaer wary of Chelsea challenge in battle for top four

    Nyck de Vries makes history by winning Diriyah E-Prix in first ever Formula E night race

    Nyck de Vries makes history by winning Diriyah E-Prix in first ever Formula E night race

    New partnership aiming to drive Jaguar Racing towards Formula E championship challenge

    New partnership aiming to drive Jaguar Racing towards Formula E championship challenge

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Multi-million dollar renovation underway in 2021 for Fairmont El San Juan Hotel

    Multi-million dollar renovation underway in 2021 for Fairmont El San Juan Hotel

    Southwest asks its employees to accept salary cuts to avoid layoffs

    Southwest asks its employees to accept salary cuts to avoid layoffs

    Celebran huella de exgobernador Luis A. Ferré en el turismo

    Celebran huella de exgobernador Luis A. Ferré en el turismo

    Turismo interno lidera la recuperación de Airbnb en Puerto Rico

    Turismo interno lidera la recuperación de Airbnb en Puerto Rico

    Couple acquires the Parguera Plaza Hotel for $ 1.3 million

    Couple acquires the Parguera Plaza Hotel for $ 1.3 million

    Europe will be key in the reactivation of foreign travel spending in the Caribbean

    Europe will be key in the reactivation of foreign travel spending in the Caribbean

    Airbnb launches online extracurricular learning experiences for kids

    Airbnb launches online extracurricular learning experiences for kids

    Uber urges taxi drivers to join its mobile app

    Uber urges taxi drivers to join its mobile app

    Injection of $ 300 million in the renovation of the El Conquistador and Ritz-Carlton hotels

    Injection of $ 300 million in the renovation of the El Conquistador and Ritz-Carlton hotels

    Tourism Alliance for Puerto Rico will present its proposals to the candidates for governor

    Tourism Alliance for Puerto Rico will present its proposals to the candidates for governor

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Nizh Telegram
No Result
View All Result
Home Lifestyle

Southwest asks its employees to accept salary cuts to avoid layoffs

Sarah Tomson by Sarah Tomson
October 6, 2020
in Lifestyle, Travel
Reading Time: 3 min
0
516
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Southwest asks its employees to accept salary cuts to avoid layoffs

Until now, Southwest was but one of the few airlines that had not resorted to layoffs as a measure to curb the economic impact of COVID-19. (MICHAEL REYNOLDS)

RelatedPosts

Multi-million dollar renovation underway in 2021 for Fairmont El San Juan Hotel

Celebran huella de exgobernador Luis A. Ferré en el turismo

Turismo interno lidera la recuperación de Airbnb en Puerto Rico

Southwest Airlines, the fourth largest US airline, has asked its employees to agree to cut their pay in order to avoid forced layoffs and layoffs as a result of the coronavirus crisis.

The company, in a video released on Monday, appealed to unions representing around 80% of its workers to reach an agreement before January 1.

Employees whose contracts are not covered by union agreements will see their salary cut by 10% , according to CEO Gary Kelly, who announced that he will not receive any of his base salary during 2021.

“It is a shared sacrifice and this is the type of company that I think is ready for it,” Kelly defended this Tuesday in an interview on the financial channel CNBC.

Southwest Airlines boasts of never having carried out forced layoffs or layoffs and has vowed to avoid such measures this year, in contrast to other airlines that are already making significant job cuts.

In the case of Southwest, almost a third of the workforce has chosen to take advantage of a program of incentivized exits and long-term permits, according to the company reported in July.

Some 4,400 people decided to take early retirement or incentivized leave, while another 12,500 opted for leave with partial maintenance of salary or health insurance for up to 18 months.

Despite this, the company considers that the figures still do not add up given the collapse in air demand that has caused the pandemic and the lack of agreement in the US legislature for a new package of aid to the industry.

According to Kelly, Southwest's quarterly losses can be in the “billions of dollars” until there is a coronavirus vaccine that has been widely distributed, probably well into 2021.

In his statements to CNBC, the CEO assured that if the United States Congress finally approves more aid for airlines, it would reverse the salary cuts.

US airlines received a $ 25 billion ransom from the $ 2 trillion of the largest economic stimulus package in the country's history, approved last March.

Share206Tweet129Share52
ADVERTISEMENT
Sarah Tomson

Sarah Tomson

Related Posts

Multi-million dollar renovation underway in 2021 for Fairmont El San Juan Hotel

Multi-million dollar renovation underway in 2021 for Fairmont El San Juan Hotel

by Sarah Tomson
October 7, 2020
0

Kelley Cosgrove took over the reins of Fairmont El San Juan Hotel as the property's first general manager since changing...

Celebran huella de exgobernador Luis A. Ferré en el turismo

Celebran huella de exgobernador Luis A. Ferré en el turismo

by Sarah Tomson
October 1, 2020
0

Desde la izquierda: Carlos Mercado, subdirector de Turismo; Raúl Márquez, gobernador interino; Carla Campos, directora de la Compañía de Turismo;...

Turismo interno lidera la recuperación de Airbnb en Puerto Rico

Turismo interno lidera la recuperación de Airbnb en Puerto Rico

by Sarah Tomson
October 1, 2020
0

En las primeras dos semanas de septiembre, en Puerto Rico ha habido más del doble de búsquedas para viajes con...

Couple acquires the Parguera Plaza Hotel for $ 1.3 million

Couple acquires the Parguera Plaza Hotel for $ 1.3 million

by Sarah Tomson
September 30, 2020
0

Plans are to start a renovation of the entire ocean-view property into a boutique hotel, add a spa, and establish...

  • Trending
  • Comments
  • Latest
Former MDO Anthony Galindo is in poor health

Former MDO Anthony Galindo is in poor health

September 29, 2020
Cyberpunk 2077 already has its porn parody

Cyberpunk 2077 already has its porn parody

December 10, 2020
The number of drownings in the bodies of water of Puerto Rico alarms

The number of drownings in the bodies of water of Puerto Rico alarms

October 4, 2020

Hello world!

1

Dubai volunteers bring relief to families of people who died from COVID-19

0

Watch Justin Timberlake’s ‘Cry Me a River’ Come to Life in Mesmerizing Dance

0

Dubai volunteers bring relief to families of people who died from COVID-19

March 1, 2021
IAEA chief: Traces of uranium particles at site in Iran

IAEA chief: Traces of uranium particles at site in Iran

March 1, 2021
New Bangladesh protests as UN calls for overhaul of security law

New Bangladesh protests as UN calls for overhaul of security law

March 1, 2021
The Nizh Telegram

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2017 JNews.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In