Pay, benefits cuts announced for airline management
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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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Reservations and gate agents at US Airways approved a new contract Thursday that cuts pay by 13 percent and provides the airline some of the relief it says it needs to avoid imminent liquidation.
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US Airways intends to slash its executive payroll by 20 percent, reducing the pay and benefits for its 3,000 managers and eliminating some positions, sources familiar with the plan said yesterday.
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Airport operator BAA is set to cut jobs with one report saying as many as 2,000 staff will be made redundant.
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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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Continental Airlines Inc. said yesterday it would cut about 425 jobs, or 1 percent of its work force, through staff reductions, attrition, and elimination of unfilled vacancies as part of an effort to trim expenses by another $200 million.
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Bankrupt US Airways (UAIRQ.OB: Quote, Profile, Research) on Thursday said its passenger service agents ratified contract changes that include a 12.9 percent cut in average pay, which will save the cash-strapped airline $137
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ATLANTA Delta Air Lines Inc.&#39;s chief executive said yesterday he is declining his six-figure salary for the rest of the year as he detailed a 10 percent pay cut that will affect senior officials, administrative staff and ticket and gate agents.
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Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees&#39; pain with pay cuts of 4 percent to 8 percent.
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US Airways Group Inc. and its pilots union said they may agree by today on a plan to cut $295 million in wages and benefits to help the carrier avoid a second bankruptcy filing.
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Carrier says cuts in management, support positions are 1% of workforce; trying to avoid wage cuts. NEW YORK  - Continental Airlines Inc.
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HOUSTON Continental Airlines has finalized wage and benefit cuts and changed some work rules -- to save money. The action comes as Houston-based Continental seeks to achieve 48 (M) million dollars of 500 (M) million dollars in labor cost cuts.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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Delta Air Lines' chief executive yesterday said he is declining his six-figure salary for the rest of the year as the airline cuts by 10 percent the pay of executives, ticket and gate agents, and other nonunion workers.
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Bankrupt US Airways Group. Inc.  said on Monday it would eliminate hundreds of management and nonunion jobs and impose wage and other cuts to save more than &#36;45 million annually as it tries to overhaul its business and survive.
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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SAN FRANCISCO (CBS.MW) -- Pilots at Delta Air Lines approved a management-backed pay cut that will save the airline $5 billion over the next five years, the pilots union said Thursday.