Gary Kelly, chairman and CEO of Southwest Airlines, outlined steps Monday the company plans to take in an attempt to prevent furloughs and layoffs through 2021.
Back in July, Southwest Airlines Co. committed to no furloughs or layoffs through the end of 2020. The fate of the Southwest's employees beyond this year was unknown.
In absence of another six months of financial aid the airlines lobbied for — which is still currently being negotiated in Washington — Kelly unveiled several steps Monday in a video message to employees Southwest plans to take to trim costs enough so that furloughs or layoffs can be prevented through the end of next year:
- Effective immediately, Kelly's salary is reduced to $0. It will be that way through the end of 2021.