Another corporate bankruptcy announcement, this time it's American Airlines. All many can wonder is what will this action by yet another big corporate employer have on the employees. It is unclear how this will impact current employees as far as how many will face layoffs, pay cuts, cuts in healthcare, or reduction in hours.
It is unclear what the impact will be for retirees as well. The new CEO says they hope to have the bankruptcy and reorganization completed before 15 months.
Yet again, a major company files for bankruptcy protection and the ones who will suffer are the employees and their families.
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It will be interesting to see how this works out. I'm hoping for the best for everyone impacted including the families of the employees.
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