Cutting Jobs
December 18th 2008 22:39
Airlines are a volatile industry that literally goes up and down. They are also cut-throat in every way you can think of. At one time all employees earned high wages but then their wages were cut as air travel declined. Strikes brought down many airlines including the famous Eastern Airlines. Many would rather kill the company rather than having a job, or so it seems.
Most airlines have been outsourcing jobs in smaller markets that soon became widespread. The union strike didn't work at Northwest Airlines.
So now the airline industry takes a turn for survival of the fittest. Outsourcing and job cuts are a reality in today's industry. All have cut jobs from Continental to US Airways. But one seems to be hiring and is well unionized. That would be Southwest, appropriately named LUV after its NYSE ticker. Its airport ticker is WN. Ironic, isn't it?
Most airlines have been outsourcing jobs in smaller markets that soon became widespread. The union strike didn't work at Northwest Airlines.
So now the airline industry takes a turn for survival of the fittest. Outsourcing and job cuts are a reality in today's industry. All have cut jobs from Continental to US Airways. But one seems to be hiring and is well unionized. That would be Southwest, appropriately named LUV after its NYSE ticker. Its airport ticker is WN. Ironic, isn't it?
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