The American Airlines parent company has stated that they will be eliminating 13,000 jobs as a part of their bankruptcy protection plan.

AMR Corp. has stated that they plan on elminating 20 percent of labor costs and has stated that they will now begin negotating with unions. 

In the month of December, AMR lost nearly $904 million and officials have stated that the restructing process will help them meet challenges, cut spending and become profitable again. The company has also stated that they will be changing their pension plans. 

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