Southwest Airlines offers buyouts and leaves to cut 2,000 ground jobs due to fewer planes than expected.

Southwest Airlines is offering buyouts and extended leaves of absence to ground workers at 18 airports, citing "overstaffing" due to delayed plane deliveries from Boeing. The airline aims to reduce its workforce by 2,000 employees this year, following pressure from hedge fund Elliott Investment Management to boost profits and stock price. Originally expecting 85 new Boeing 737s, Southwest now anticipates only 20 due to production issues.

November 11, 2024
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