Losses and layoffs
Feb 17, 1999, 2:56 pm
#1
Original Member
Original Poster
Join Date: May 1998
Location: NY, USA
Posts: 51
Losses and layoffs
ST. LOUIS (AP) -- Trans World Airlines will cut about 1,000 jobs and may make other cost-cutting moves this year, following a 10th straight year of losses
Feb 19, 1999, 8:44 pm
#2
Original Member
Join Date: May 1998
Location: St. Louis
Posts: 238
Unfortunately for TWA the company, they're staffed like a bigger international airline with a lot more planes.
Unfortunately for some TWA workers, it looks like 1,000 of them will lose their job as a result.
Although I have compassion for both sides, a company must make a profit to help keep all their workers employed and the company's customers happy.
If TWA customers are not confident enough to book their travel on TWA, then these folks, who pay all of the workers' wages, will disappear, and then so will the airline.
I am confident TWA will continue their turn-around, albeit slowly. I say another year of losses and they'll be back on the profitable track in 2000.
If they don't, then it looks like I'll be flying fewer direct flights and instead connecting through Chicago, Pittsburgh, and Atlanta.
Unfortunately for some TWA workers, it looks like 1,000 of them will lose their job as a result.
Although I have compassion for both sides, a company must make a profit to help keep all their workers employed and the company's customers happy.
If TWA customers are not confident enough to book their travel on TWA, then these folks, who pay all of the workers' wages, will disappear, and then so will the airline.
I am confident TWA will continue their turn-around, albeit slowly. I say another year of losses and they'll be back on the profitable track in 2000.
If they don't, then it looks like I'll be flying fewer direct flights and instead connecting through Chicago, Pittsburgh, and Atlanta.