US Airways&#39; pilots vote for 18% salary reduction
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US Airways&#39; pilots voted to approve a new labor agreement yesterday that will reduce their salaries by 18 percent but will save the airline $300 million a year.
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Pilots at British Airways have voted to accept a contract which will raise pay by an estimated 8.6 percent over three years, their union said Friday.
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United Airlines (UALAQ.OB: Quote, Profile, Research) , which is trying to save $725 million a year, has offered its pilots two ways to cut their salaries, the New York Times reported on Tuesday.
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Leaders of the US Airways pilots union will decide Tuesday whether to forward a proposed contract to members that would cut average pay by 18.
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SAN FRANCISCO (CBS.MW) -- Pilot leaders at United Airlines unanimously endorsed a tentative agreement that will cut pay by 15 percent, opting to accept management&#39;s demands rather than risk the chance of losing more in federal bankruptcy court.
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Leaders of the US Airways pilots' union rejected a bid to have pilots vote on a proposal by the airline for $295 million in wage and benefit cuts.
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Union leaders representing US Airways pilots said Thursday that a new labor agreement could be struck soon, telling their rank and file a new deal is &quot;our last opportunity to control the fate of our airline and our careers.&quot; ...
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Leaders of US Airways' pilots union rejected late last night a bid to have pilots vote on a concessions proposal from the airline.
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US Airways and its pilots&#39; union reached a tentative agreement yesterday on $300 million in annual wage and benefit cuts, after weeks of debate inside the union over whether to grant concessions to the troubled airline.
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Union workers may face a 23 percent slash in pay; United says it needs cash reserves. United Airways asked a bankruptcy judge to impose a 23 percent pay cut on its union workers, including pilots and attendants.
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ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline's situation is so dire that urgent action must be taken...
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The union representing US Airways pilots voted yesterday to send a concessionary contract, meant to save the troubled airline $300 million a year, to its 3,200 pilots for a vote.
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Pilots at US Airways on Thursday  ratified a concession package that includes pay cuts of 18  percent, a decrease in company contributions to their  retirement plan and increased pilot productivity.
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With only one week remaining for US Airways to avoid another trip through bankruptcy, the pilots union prepared last night to consider a new company cost-cutting
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Leaders of the US Airways pilots union decided last night not to allow 3,000 rank-and-file pilots to vote on a $295 million cost-cutting proposal, increasing the likelihood of a US Airways bankruptcy this month.
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US Airways Group Inc. said on Friday  it reached a tentative agreement with its Air Line Pilots  Association union that would save $300 million annually and  move the bankrupt airline closer to implementing a  transformation plan.
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Pilots for US Airways are continuing to negotiate this weekend over the Arlington airline&#39;s demand for a 16.5 percent pay cut, despite a warning from management that negotiations should have concluded yesterday.