US Airways To Ask Court For Pay Cuts
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S Airways said yesterday that it would ask a bankruptcy judge to approve emergency pay cuts - which its unions said would be 23 percent - and other moves to raise cash.
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ARLINGTON, Va. US Airways says it plans to cut 45 (m) million dollars a year in pay and benefits in a move the airline hopes will convince its union employees to accept 950 (m) million dollars in annual cost cuts.
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US Airways Group Inc. will seek a court injunction to prohibit a strike by disaffected unions that have threatened a walkout if a bankruptcy judge grants the airline&#39;s request to cancel their labor contracts.
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it might otherwise go into liquidation.
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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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US Airwaysâ unions say the bankrupt airline is âbarking up the wrong treeâ by seeking to ensure its solvency by imposing a 23 percent pay cut on its workers.
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US Airways asked a bankruptcy judge yesterday to cancel labor contracts with three of its unions and impose much lower pay so it
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier's unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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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. -- US Airways asked a bankruptcy judge yesterday to cancel labor contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition itself as a low-cost carrier, and avoid a possible liquidation.
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Bankrupt US Airways wants a judge to replace existing contracts for passenger service agents, flight attendants and mechanics with less-expensive ones.
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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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US Airways wants a bankruptcy judge to impose temporary wage and other cost cuts on its union workers, warning that it only has enough cash to operate through January.
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US Airways Group Inc. met Monday with two unions to try to agree on concessions before an Oct. 7 hearing at which a bankruptcy judge could let the carrier temporarily reduce pay by 23 percent.
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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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US Airways Group Inc. is proceeding with plans to seek bankruptcy court permission to cut employee pay and benefits, Chief Executive Bruce Lakefield said in a recorded message to workers.
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ALEXANDRIA, Va. -- US Airways Group wants a bankruptcy judge to void its labor contracts and a court order forbidding strikes by unhappy union workers.