Southwest Airlines will close flight attendant satellite bases in Fort Lauderdale and Austin as part of cost-cutting measures. The closures, originally scheduled for June, will take effect on July 1 after an agreement with TWU Local 556. The airline said affected flight attendants can transfer to one of its main bases. Southwest has been cutting unprofitable routes and reducing staff, including a 15% cut to corporate employees. Union President Bill Bernal acknowledged Southwest's right to close the bases but noted the impact on flight attendants.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Southwest Airlines will close flight attendant satellite bases in Fort Lauderdale and Austin
00:06as part of cost-cutting measures. The closures originally scheduled for June
00:10will now take effect on July 1st after an agreement with TWU Local 556.
00:16The airline said affected flight attendants can transfer to one of its main bases.
00:20Southwest has been cutting unprofitable routes and reducing staff, putting a 50% cut to corporate
00:25employees. Union President Bill Bernal acknowledged Southwest's right to close the bases,
00:29but noted the impact on flight attendants. For all things money, visit Benzinga.com slash GSTV.