UAL notes it could lay off more than half of its employees if it doesn't get help from the gov as the coronavirus problems pile on...
- United Airlines said on Friday that without financial assistance from the government, it would be forced to "reduce our payroll" up to 60%, suggesting layoffs or furloughs were possible.
- United and other airlines have been severely impacted by the novel coronavirus outbreak.
US airlines have requested a nearly $60 billion bailout from the federal government — the White
- House has proposed $50 billion in loans — but have faced backlash over cash spent on stock buybacks throughout the 2010s.
Source: https://www.businessinsider.com/united-layoffs-warning-workers-bailout-2020-3