Live Breaking News & Updates on Stephen Bystran

Stay updated with breaking news from Stephen bystran. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Companies are scaling back layoffs because of Biden's stimulus package


Companies are scaling back layoffs because of Biden s stimulus package
Eli Rosenberg, The Washington Post
March 11, 2021
FacebookTwitterEmail
WASHINGTON - Two airline giants said that they would cancel tens of thousands of planned layoffs because of aid earmarked for them in the $1.9 trillion stimulus measure passed by Congress this week, an early sign of job losses averted by the landmark package.
Scott Kirby, CEO of United Airlines, which had warned employees about 14,000 layoffs last month, said in a social media post that Congress s new funding for airlines would allow the workers to receive their paychecks and health care through September.
American Airlines said it planned to rescind notices it sent last month to 13,000 employees about coming layoffs. ....

New York , United States , Lori Aratani , Luz Lazo , Joe Biden , Robert Isom , Doug Parker , Chip Rogers , Hamza Shaban , Rick Scott , Paul Smedberg , American Airlines , Washington Metropolitan Area Transit Authority , Transportation Authority Of New York , American Hotel , President Joe Biden , Lodging Association , Metropolitan Transportation Authority , Directors Chair Paul Smedberg , American Recovery Plan , Roger Wicker , Washington Post , Stephen Bystran , Scott Kirby , Annemarie Strassel , Susannah Koteen ,