Bloomberg American Airlines Group Inc plans to cut 30% of its management and support staff as it tries to weather the dramatic downturn brought on by the coronavirus pandemic. The move was announced in a letter to staff from Elise Eberwein, American’s executive vice president of people and global engagement. Other cost-saving steps include requiring staff to take 50% of …

Bloomberg Boeing Co unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the US that their positions would be eliminated. The collapse in air travel sparked by the coronavirus pandemic has sapped demand for jetliners, forcing Boeing to scale back its commercial business, Chief Executive Officer Dave Calhoun said in a message …

Bloomberg Ralph Lauren Corp has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world. Chief Executive Officer Patrice Louvet said all stores in China and Korea are back in business, and Japan and Australia are set to return this week. Two-thirds of Ralph Lauren stores have been …