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Southwest Airlines To Offer Buyout Packages..  
User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Posted (10 years 2 months 4 weeks 10 hours ago) and read 2987 times:

Everyone,

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?

Thanks everyone,

Lnglive1011yyz -- aka Mike


Pack your bags, we're going on a sympathy trip!
2 replies: All unread, jump to last
 
User currently offlineCessna172RG From United States of America, joined Aug 2000, 749 posts, RR: 0
Reply 1, posted (10 years 2 months 4 weeks 10 hours ago) and read 2966 times:

Perhaps it would assist my comprehension of this topic if I knew what a "buy out" is. What is a buy out?


Save the whales...for dinner!!!
User currently offlineOPNLguy From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 2 months 4 weeks 10 hours ago) and read 2963 times:

http://www.airliners.net/discussions/general_aviation/read.main/1586250/

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