US Airways asks court to impose 23 percent pay cut
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US Airways chief executive Bruce Lakefield said Friday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its union workers to conserve cash during the slow fall travel season.
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CHICAGO -- The union for United Airlines&#39; flight attendants promised Friday to fight the company &quot;over every dime&quot; of its plan to impose an additional $725 million in labor cuts and eliminate traditional pensions.
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US Airways Group Inc. plans to eliminate &quot;hundreds&quot; of management and nonunion jobs and cut top executives&#39; pay by between 5 and 10 percent, the airline told its employees yesterday.
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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 will ask a bankruptcy court judge to impose emergency pay cuts of 23 percent on its major unions, according to a newspaper report late on Thursday.
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ARLINGTON US Airways Chief Executive Bruce Lakefield said yesterday that the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its union workers to conserve cash during the slow fall travel season.
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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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ARLINGTON, Va. -- US Airways Group has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season, the company said Saturday.
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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 Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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A bankruptcy judge granted US Airways authority today to immediately cut the pay of its union workers by 21 percent, saying the airline&#39;s situation is so dire that urgent action must be taken.
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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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CHICAGO - The union for United Airlines&#39; flight attendants promised yesterday to fight the company &quot;over every dime&quot; of its plan to impose an additional $725 million in labor cuts and eliminate traditional pensions.
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Trying to dissipate the skepticism of outsiders about US Airways&#39; future, CEO Bruce Lakefield told employees late Wednesday that he intends to seek court-imposed pay cuts Friday.
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WASHINGTON  - US Airways, taking punishing losses, asked a bankruptcy judge to let it scrap deals with three unions, terminate pensions with set payouts, and slash health benefits.
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US Airways plans to cut its executive payroll by 20 percent, reducing pay and benefits for its 3,000 managers and eliminating positions, said a newspaper report Wednesday.
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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.