American Airlines (AA) parent AMR Corp., which is restructuring via the Chapter 11 bankruptcy process, on Tuesday announced it will eliminate five manager positions as part of the third phase of restructuring. AMR said the cuts, combined with the previous organizational changes, represents a 20% reduction in the company’s most senior leadership positions.
AMR chairman and CEO Tom Horton said the organization redesign “purposefully began at the top, and today's changes will further advance the company's restructuring objectives and bring us one step closer to ensuring American has the leanest, most capable and effective leadership team in the industry."
AMR said it will consolidate or modify positions, which “illustrate elements of the company’s transformation,” such as combining the positions of VP-New York and international from previously separate positions “to bring a distinct focus on American's New York franchise, its trans-Atlantic and trans-Pacific businesses, and oneworld alliance partners.”
SVP-human resources Jeff Brundage has been replaced by Denise Lynn, who will become SVP-people. AMR did not give details of the other positions affected by the restructuring.
Article Source : ATW Daily News
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