US Airways files motion for pay cut
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SAN FRANCISCO (CBS.MW) -- Bankrupt US Airways Group filed a court motion Friday evening seeking permission to make pay cuts totaling $38 million per month, saying that the move is necessary to preserve about 34,000 jobs.
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US Airways' 28,000 employees waited last night for the airline to file a petition with the judge in its bankruptcy proceeding, seeking to void existing labor contracts and impose a 23 percent pay cut on workers.
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Flight attendants at bankrupt US Airways approved a new labor contract Wednesday that cuts their pay by nearly 10 percent, leaving only one union that has refused to accept the cuts the airline says is necessary to avoid imminent liquidation.
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US Airways (UAIR.O), struggling to avoid a second bankruptcy, has asked pilots for a 16.5 percent pay cut, USA Today reported in its Friday editions.
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ALEXANDRIA, Va. A federal bankruptcy judge is weighing whether to grant US Airways&#39; request to impose 23-percent pay cuts on its workers to shore up its financial position while it reorganizes.
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US Airways asked a bankruptcy judge Friday to cancel labour contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition
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The pilots union at US Airways Group Inc. says it will oppose a motion in bankruptcy court expected Friday that will seek immediate pay cuts for its members.
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Struggling US Airways (UAIR) has asked its pilots to accept a 16.5% pay cut while giving them the chance to recoup some of the money by flying more.
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US Airways Group Inc.  will ask a bankruptcy court on Friday to impose emergency pay cuts of 23 percent on unionized workers if an agreement with the workers is not reached during the day.
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US Airways (UAIRQ.OQ: Quote, Profile, Research) has asked a bankruptcy judge to approve temporary wage and other cost cuts from its unions, saying it only has enough cash to survive through January 2005.
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US Airways Group Inc.&#39;s (UAIR.O: Quote, Profile, Research) chairman said employees must agree to $800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing ...
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ARLINGTON, Va. - The union for 5,800 US Airways Group Inc. customer-service and reservation agents said it reached agreement on pay and benefit cuts the airline had sought to help emerge from bankruptcy.
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US Airways files for protection from its creditors after failing to get staff on board for  a cost-cutting deal.
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier&#39;s unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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Troubled carrier US Airways has asked a US bankruptcy court to impose big wage and cost cuts, warning that otherwise it might fail to survive.
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US Airways Group Inc. has told a judge in US Bankruptcy Court it needs an answer by the end of next week on its proposal to cut employee pay 23% or it faces possible liquidation, the Associated Press reports.
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Troubled airline US Airways says it is to cut pay and posts among its management and non-union workers.