American Airlines outlines severance packages for high-level employees as coronavirus continues to weigh
, it said last month. United, Southwest and Delta have offered voluntary separation packages for other work groups, such as flight attendants and customer service workers.
In late May, American offered management and support staff buyouts and retirement packages, an effort to get employees off the payroll and avoid involuntary layoffs. Buyout options include a third of pay and full medical coverage through Dec. 31, along with five years of travel benefits. The airline told management and support staff that if they are laid off involuntarily later they will not receive severance. However, under the federal aid terms they will be paid through Sept. 30.
The high-level employees, who recently took pay cuts, and might receive the severance packages if they are involuntarily cut, could face more difficulty finding work at their level than other employees, said Tom McMullen, senior client partner at organizational consulting firm Korn Ferry.
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