lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

Southwest Airlines To Offer Buyout Packages..

Fri May 28, 2004 10:33 pm

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!
 
Cessna172RG
Posts: 642
Joined: Wed Aug 30, 2000 8:31 am

RE: Southwest Airlines To Offer Buyout Packages..

Fri May 28, 2004 10:36 pm

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!!!
 
OPNLguy
Posts: 11191
Joined: Tue Jun 15, 1999 11:29 am

RE: Southwest Airlines To Offer Buyout Packages..

Fri May 28, 2004 10:37 pm

ALL views, opinions expressed are mine ONLY and are NOT representative of those shared by Southwest Airlines Co.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos