"Get your facts first, and then you can distort them as much as you please." (Mark Twain)

Friday, May 13, 2005

Our Robust Economy 

The aviation sector continues to dazzle investors and observers:
Alaska Airlines has hired Menzies Aviation to provide ramp services at Seattle-Tacoma International Airport, the carrier's busiest hub, and is laying off 472 workers, the carrier announced today.

A statement issued by Alaska, like most traditional airlines hard-hit by rising fuel costs and fierce competition, said the move would save $13 million a year.

Edward W. White, vice president of ground operations, said displaced workers will be offered "a more lucrative severance package than that specified in the current contract" with the International Association of Machinists and Aerospace Workers.

The change affects baggage handlers and workers who guide planes into and out of terminal gates. Alaska Airlines, the dominant carrier on north-south routes along the West Coast, previously contracted out ramp services in 41 of its 56 destinations.

The good news is that they probably just would have lost their pensions, anyway.

 

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