Lnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15 Posted (10 years 2 months 4 weeks 10 hours ago) and read 2987 times:
Sorry if this topic has already been discussed, I haven't seen it yet..
In a report from CNN.com, CNN is reporting the Southwest Airlines has offered about 33,000 out of a potential 34,000 employees a buyout package.
The buyout packages came in the form of 3 different packages, with varying different types of retribution.
Southwest claims that the cost of fuel, among other things, was the reason for the buyout, and that there was no cap in the number of employees they would allow to apply for the buyout.
The question is, why would they offer to buyout every employee? What happens if say, more than 50% of their workforce decided to take the package?
Is the state of the aviation industry so bad right now that they're having to offer this type of buyout package to their employees? Hasn't Southwest been consistently profitable now for quite a long time?