UPDATE: On Wednesday, February 1, AA announced it intends to cut its labor costs by 20%, eliminate 13,000 jobs, replace its pension plans wih 401(k) plans and end company-paid retiree healthcare
As Mitt Romney campaigns in today’s Florida presidential primary, airline workers have been following him with a message about one of his old company’s newest clients: Airline giant AMR, the parent company of American Airlines and American Eagle. AMR, which filed for bankruptcy in November, last week announced plans to retain the advice of Bain & Co., the consulting firm where Romney worked before co-founding private equity firm Bain Capital in 1985.
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