US Airways: Workers should not count on pension
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US Airways lawyers told a federal bankruptcy judge here Thursday that the carrier can&#39;t afford to maintain its current pension plans.
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Struggling US companies must not use the federal pension agency as a &quot;dumping ground&quot; for their pension plans in order to survive, a key lawmaker working on pension reform legislation warned on Tuesday.
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âFly the friendly skiesâ may be United Airlinesâ slogan. But employees of Americaâs largest carrier wonât be so convinced this weekend, on the heels of it filing court documents saying it is âlikelyâ to scrap its pension plans.
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Bankrupt US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) on Thursday asked a court to impose wage and benefit cuts on its union employees to save
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US Airways (UAIRQ.OB:OTC BB - news - research) wants a federal judge to tear up contracts with three of its unions, reduce retiree health benefits and cancel its remaining defined-benefit pension plans.
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Continental Airlines said Friday that it won&#39;t contribute to its pension plan this year. To conserve cash, the money-losing carrier will postpone its payment to the fund, which is hundreds
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SAN FRANCISCO (CBS.MW) -- The union representing United Airlines pilots refused Saturday to discuss reports that a federal pension agency might oppose a cost-cutting plan.
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Travelers flying US Airways during the coming holidays can breathe a little easier. The threat of labor-related disruptions has eased ... for the moment. Expanded hearings next month have decreased the likelihood
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US Airways was locked in tough bargaining on wage and benefit cuts with its pilots union, whose backing is critical for the struggling airline to avoid another bankruptcy filing.
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ALEXANDRIA, Va. &#151; US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.
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ALEXANDRIA, VIRGINIA - US Airways Group, trying to raise money and avoid liquidation, on Monday asked a judge for permission to skip a big pension payment due this week, in its first move since filing for protection against creditors over the weekend.
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US Airways' unions say the bankrupt airline is ''barking up the wrong tree&quot; as it seeks to ensure its solvency by imposing a 23 percent pay cut on its workers.
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U.S. pension insurers on Wednesday  assumed control of underfunded retirement plans covering flight  attendants, machinists and other non-union workers at bankrupt  US Airways UAIRQ.OB, the government said.
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SAN FRANCISCO (CBS.MW) -- US Airways Group asked its bankruptcy judge Friday to reject labor contracts with three of its unions representing flight attendants, reservation agents, mechanics, and ramp workers.
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Bankrupt US Airways UAIRQ.OB on  Wednesday said it is asking nonunion employees who are not  scheduled to work over the New Year's weekend to volunteer to  work for free at its Philadelphia operations.
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ALEXANDRIA, VA. US Airways doesn&#39;t expect to turn a profit until 2007, even if it&#39;s able to enact steep pay cuts from its workers as it struggles through a second bankruptcy.
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CHICAGO, Jan. 8 -- United Airlines reached a tentative contract agreement with its flight attendants union Saturday, but the deal did not address the employee pension plans that have become a key point of contention.