September 21, 2001 -
September 21, 2001 -
September 21, 2001 - Economic uncertainty is among the anxieties facing Americans in the wake of the September 11th terrorist attacks. At the University of Minnesota's Carlson School of Management last night (Thurs), a panel of business leaders and scholars met to share views on the economic implications of last week's events. Minnesota Public Radio's William Wilcoxen has more...
September 21, 2001 - Northwest Airlines employees are bracing for news of massive layoffs, as the company copes with the aftermath of last week's terror attacks in New York and Washington. Officials from the airline met separately with the leaders of Northwest's four main unions. The company is expected to announce it's laying off as many as 10 thousand employees later this morning. Minnesota Public Radio's Helms reports.
September 21, 2001 - Northwest Airlines made it official today ... by announcing ten thousand job cuts. Like the nation's other major airlines, Northwest says it has no choice but to slash costs because of the plunge in demand for air travel. Northwest's cuts will hit its home state particularily hard -- 45 hundred jobs are being eliminated in Minnesota.
September 25, 2001 - The Minnesota Department of Trade and Economic Development today began a series of informational meetings for Northwest Airlines employees who are losing their jobs. Northwest says it's cutting 45 hundred positions in Minnesota... exactly how many people will lose their jobs depends on how many accept voluntary, leaves or part with the company by retiring. State officials say Northwest's troubles will have a broad ripple effect through the state economy. For every job lost at the airline two more positions will be lost elsewhere in Minnesota. The state is asking the federal government for millions of dollars in emergency dislocated worker funding. Minnesota Public Radio's Mark Zdechlik reports...
September 25, 2001 - There has been a lower demand for air travel and that also means low demand for jet fuel. In turn, that will help bring down the price of gas.
September 25, 2001 - Over 80 senior citizens from Minnesota, Iowa, and Wisconsin are returning home tomorrow (WED) after an eight-day tour to New York City. After the recent terror attacks, Rochester-based Glenn's Motorcoach Tours was unable to immediately refund the $1200 cost of the all-inclusive bus tour which was booked months in advance. So the majority of would-be travelers decided to brave the trip, some because of the investment, but others because of a kind of patriotism. Ronald Kruse is on his way home from New York, and joins us on the line.
September 25, 2001 - In the last ten years, many airports have become full-fledged shopping malls. Businesses have flocked to airports, as airport retailing has proved a prosperous business. But after the terror attacks on the east coast retail sales at airports have plunged and airport retailing has become a somewhat less attractive business proposition. Minnesota Public Radio's Andrew Haeg reports.
September 26, 2001 - Officials with the Metropolitan Airports Commission say they've instituted massive cost cutting because of a more than twenty MILLION dollar budget shortfall. The MAC says revenue from operations at the Minneapolis St. Paul airport is falling because of scaled back flight schedules there and airport officials say compounding problems is Northwest's decision NOT to pay for its operations. Minnesota Public Radio's Mark Zdechlik reports...