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News Breaks
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November 6, 2009
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| 06:41 EDT |  | BRKA |
| theflyonthewall.com: | NetJets Inc. to lay off 495 pilots nationwide due to poor demand, AP reports | | Private air service NetJets Inc., unit of Warren Buffett's Berkshire Hathaway Inc (BRK.A), says it will lay off up to 495 pilots nationwide because of a drop in demand, the Associated Press reports. David Sokol, CEO of NetJets says, the decision announced Thursday was based on a review of current and projected flight demand, as the private air service caters to companies and business executives. NetJets employs more than 3,000 pilots worldwide, with most of them in the U.S. The layoffs will take effect Jan. 15. Reference Link :theflyonthewall.com |
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