Air Transport World

American Airlines. (News Briefs: North America Report).(anticipates cutting 7,000 jobs)(Brief Article)

American Airlines said it anticipates eliminating more than 7,000 positions as a result of the new labor agreements signed by unions in late April following the resignation of Don Catty as chairman and CEO. Carty's departure became inevitable after tentative labor agreements unraveled following the disclosure that AA did nor tell its unions about special pension and retention bonus packages flat senior management during the cost-cutting negotiations. Carty, 58, spent more than 20 years at AA, ascending to the top post upon the retirement of Robert Crandall in 1998.

It fell to his successor as CEO, farmer President and COO Gerard Arpey, to complete the deals, which were softened from their earlier terms. …

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