Among those who will be affected by the job cut, he said, will be pilots.
The performance means it is pushing its job cut plans up by 11, 000 from the 5, 000 previously estimated.
U.S. economic data due for release Thursday includes the Challenger job cut report and the weekly jobless claims report.
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Because these types of job cut are based on productivity boosting initiatives companies have taken, they likely reflect a permanent shift upwards in operational efficiency.
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The job cut announcement comes as global banks struggle with a number of challenges including revenue contraction, the growing European debt crisis and an overall slowdown in the global economy.
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Those numbers don't show up on Forbes' layoff tracker, because they're not job cut announcements, and because Chrysler is not publicly owned--so they make an otherwise mild week for layoff announcements look much, much worse.
Jobs in the private sector rose by 114, 000 in July according to Automatic Data Processing Inc but the news may be overshadowed by figures that show job cut announcements in July reached a 16-month high.
FORBES: Job Cut Announcements Hit 16-Month High, California And New Jersey Lead Cuts
One oddity of the Challenger tally is that it purports to be a precise count (66, 414) of U.S. job cut announcements, though some of the companies in its measure, like drug giant Merck, are making the majority of cuts overseas.
Merck, Borders, Cisco, Lockheed Martin, and Boston Scientific announced plans to cut 38, 000 jobs in July, 58% of the 66, 414 announced layoffs for the month. (Read Job Cut Announcements Hit 16-Month High, California And New Jersey Lead Cuts).
He would be told to get a second job and cut up his credit card.
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All staff at the trust have been told about the job-cut plans and a 90-day consultation is under way.
In 2009 as the auto market was diving globally, Goodyear withdrew the job-cut plan and shortly afterward began negotiations with Quincy, Ill.
The leading job-cut sector year to date is the computer industry, the company says but that is in large part due to the 27, 000 positions Hewlett-Packard is axed.
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Extensions to unemployment benefit and a job-boosting cut to the payroll tax are both set to expire at the end of this year, unless they are renewed by Congress.
Scottish Labour's local government spokesperson Michael McMahon said the finance secretary had made "poor choices" and that the settlement would "increase job losses, cut services and damage the economic recovery".
Its critics say it was a rushed job that neither cut deeply enough to put the defence budget on a sustainable footing nor made the right choices about which capabilities to reduce.
Goldman Sachs cut its job growth forecast from 50, 000 new jobs added to payroll data, due out Friday morning, to just 25, 000 on Thursday.
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Since almost no small businesses issue bonds or commercial paper, the real American job creators are effectively cut out of the foreign investment market while big business has access to cheap money.
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I'll have to start from scratch learning a new job and taking a pay cut at the same time.
But I want everybody to understand, our job is not just to cut.
WHITEHOUSE: President Obama and Jeb Bush on Education in Miami
Increased job mobility may yet help cut unemployment, but for those who make the decision to move abroad, it often comes with sacrifices.
Hewlett-Packard's managers recently took a temporary cut to avoid job losses.
But -- and I want everybody to pay attention -- even as we find ways to cut spending, we cannot cut back on job-creating investments like education.
With us tonight is club founder Valentina Janek, Jim Altamore, a construction worker who is also making money from his passion for singing, Robert Wu, who volunteered for months at the company that ultimately gave him a job, and Howie Sadowsky, salesman for Jared Jewelry, who took the job and a drastic pay cut to preserve health benefits for his family.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
If somebody in your family loses a job, if your hours get cut, what do you do?
We have to do this job, and to do the job, you can't cut the money for it.
So I walked into the oldest tailors and found a job where I could learn to cut cloth professionally.
Mr Bush is increasingly selling his tax-cut proposals as a job-creation package.
However, the board admitted that the move would lead to the playing staff being cut as well as job losses among non-playing staff.
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