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Jun 9, 2008

Aloha Airlines and ATA Bankrupt

The recession and the recent dive-bomb of the mortgage industry have led to financial hardship industry-wide. If you're not personally affected, you know someone who has been, and each day we live with the panic that we might be next.

The problem has reached Hawaii, with both Aloha Airlines and ATA going out of business within the same month. This has led to thousands of lay-offs, on an island with a finite number of jobs already. Many former airline employees are left struggling for a handful of jobs at other airlines, or else they're forced to consider relocating to the mainland.

This is how lay-offs affect people--not just financially, but their lifestyle. Anyone who has grown up on the islands has family here, a culture, a community. It's not so easy to just pick up and move hundreds of miles away for a job. Sadly, many people will have no choice. Others will be forced to change industries, meaning years of service, training, and experience will be useless, and they will have to start from scratch.

Though companies are doing all they can, bankruptcy is imminent. If you've recently been laid-off, here is an article that might help you through this difficult time. Lay-offs: What to Do.