United Offers $100,000 Buyouts to Flight Attendants

[unhappycamper]

http://www.bloomberg.com/news/2014-09-15/united-offers-100-000-buyouts-to-flight-attendants.html

United Offers $100,000 Buyouts to Flight Attendants
By Michael Sasso 2014-09-16T04:00:01Z

United Airlines, the only major U.S. carrier to post a quarterly loss this year, is offering its flight attendants buyouts of as much as $100,000 as it seeks to rein in costs.

Employees who accept the early-exit plan will be eligible for lump-sum payments, said a spokeswoman, Megan McCarthy, who declined to disclose the formula needed to reach the maximum. United also is recalling 1,450 furloughed attendants, most of whom took voluntary leave one to two years ago, she said.

United, a unit of United Continental Holdings Inc., is hoping for at least 2,100 takers from an attendants workforce of more than 23,000 after some senior employees sought the offer, McCarthy said. Attendants back from furlough also will help United bolster airports that were too thinly staffed, she said.

“The cost is less to have a flight attendant with less experience versus one that has more,” McCarthy said.

[Sherman A1]

1. I hope this works out

For those who choose to take the buyout. Yet it comes across as another "get rid of the over 50 group", that we see across companies in all industries. One wonders when the mass exodus is done taking all the accumulated knowledge with it, will these firms truly be better off or not?