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Big Jobs Cuts Follow Bankruptcy at American Airlines - Business - The Atlantic Wire

Capping off an pretty unstellar three months, American Airlines is cutting between 10,000 and 15,000 and ending its employee pension plan. Union leaders apparently learned the bad news in a meeting today with the airlines top brass to talk jobs, pensions, and benefits after the company went Chapter 11 in November.

But not to worry too much, Atlantic Wire says, because just about every other airline has done the same thing. In the last ten years.