Consultant to review United plan; unions drop lawsuit
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United Airlines agreed Friday to hire a consulting firm to review its pending business plan, a step sought by two unions in exchange for dropping legal action against the carrier.
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The business plan that United Airlines is using to line up postbankruptcy financing is unworkable, a labor union leader said yesterday, even though the plan was called &quot;feasible&quot; by an independent financial consultant.
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CHICAGO -- United Airlines has notified a bankruptcy judge it needs to cut $500 million US more in costs than previously stated. The disclosure was made in a filing intended to update the judge before a hearing yesterday on the airline&#39;s status.
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A federal bankruptcy judge agreed on  Friday to consider a motion by United Airlines UALAQ.OB to  cancel its union contracts to save $725 million annually.
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CHICAGO, Sept. 24  - A federal bankruptcy court judge ruled against United Airlines on Friday in a procedural dispute with unions over employee pensions, ordering that its latest pension information filing be struck from the record.
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A federal bankruptcy judge on Friday agreed to consider a motion by United Airlines to cancel its union contracts to save USD$725 million a year.
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CHICAGO - A federal bankruptcy judge approved United Airlines' amended financing plan Friday, rejecting union arguments that United didn't try hard enough to come up with an alternative that would continue company contributions to employee pension funds.    The hearing came a day after the release of court papers in which United warned it likely will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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Union says pilots may retire en masse to get payments rather than ride out possible bankruptcy. NEW YORK  - Delta Air Lines Inc.
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Chicago, IL, Aug. 19 (UPI) -- A spokesman for the International Association of Machinists says the union will fight if Chicago&#39;s United Airlines tries to terminate all its pension plans.
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United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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With a bankruptcy court scheduled to hear on Dec. 2 arguments by US Airways Group Inc. to throw out contracts covering union workers who haven&#39;t approved new deals, union leaders for the carrier&#39;s customer
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CHICAGO - A federal bankruptcy judge has given United Airlines a 30-day "test period" to show it can cooperate with its unions on a restructuring plan, rejecting union calls to open the process up to rival proposals immediately because United has not tried hard enough to preserve employee pensions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to terminate those pension funds in order to secure the loans it needs to emerge from Chapter 11 bankruptcy...
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United Airlines parent UAL (UALAQ:OTC BB - news - research) set plans to cut nonunion workers&#39; pay as part of an effort to slash costs and emerge from bankruptcy protection.
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A judge gave United Airlines another 30 days to come up with a restructuring plan, but warned the airline and its warring unions to cooperate on a solution.
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Manchester United&#39;s plc board on Monday confirmed that they have received a &#39;preliminary approach&#39; regarding a &#39;possible offer&#39; for the company.
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A federal bankruptcy judge on Friday agreed to consider a motion by United Airlines (UALAQ) to cancel its union contracts to save $725 million a year.
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CHICAGO - United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.