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MarketWatch MarketPulseDec 03, 2020
Southwest tells employees it could furlough thousands next year
Southwest Airlines Co. on Thursday told more than 6,800 employees that their jobs are at risk without concessions from labor unions or federal aid as the pandemic continues to cut demand for air travel, the Wall Street Journal reported. The furloughs, if they come to pass, would be a first in Southwest's history, the report said. Shares of Southwest rose more than 2% Thursday and are down around 10% this year, contrasting with gains around 14% for the S&P 500 index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



NPR Topics: BusinessDec 03, 2020
'We're All Just In A Mess': Jobs Growth To Slow Sharply Amid Pandemic Hit
The Labor Department is expected to report Friday a sharp slowdown in job growth in November as a surge in coronavirus cases weighs on many businesses.
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