American Airlines Plans To Cut 12,000 To 14,000 Jobs

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After it filed for bankruptcy protection last November, you knew something like this was probably coming from American Airlines:

The company said today it is looking to cut 12,000 to 14,000 jobs — as much as 16 percent of its current 88,000-strong workforce.

According to the Dallas Morning News, the cuts would shake out like this:

"Fleet Service & Other [Transport Workers Union] employees — Approximately 4,200. "Flight Attendants — Approximately 2,300. "Management/Support Staff — Approximately 1,400. "Mechanics and Related - Approximately 4,600. "Pilots - Approximately 400."

In a letter to employees, AMR Corp. CEO Tom Horton says the company is looking for "employee-related" cost savings of more than $1.25 billion a year. And he says this: