Judge lets US Airways cut workers&#39; pay by 21%
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ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority yesterday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline&#39;s situation is so dire that urgent action must be taken.
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Bankrupt US Airways Group Inc. (UAIRQ.OB: Quote, Profile, Research) on Thursday asked a court to impose wage and benefit cuts on its union employees to save
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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 announced plans to cut $45 million a year in pay and benefits to roughly 3,700 management employees, a move the airline hopes will convince its union employees to collectively accept $950 million in annual cost cuts.
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The customer service and reservation agents of the US Airways Group have approved a 13 percent pay cut and the elimination of some jobs to save the carrier $137 million a year and help avoid liquidation.
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US Airways yesterday asked a US Bankruptcy Court to wipe out the collective bargaining agreements of 20,000 employees, terminate the pensions of 53,000 existing
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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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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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ALEXANDRIA, Va. Sept. 27, 2004 - US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.
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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 plans to ask a federal bankruptcy judge to impose temporary pay cuts on its workers unless it can reach agreement with its unions before then.
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NEW YORK, December 24  - The customer service and reservation agents of US Airways Group (USG.FSE) have agreed to a 13% pay cut and the elimination of some jobs to help the company generate annual cost savings of $137 million and avoid
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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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ARLINGTON, Va. -- US Airways chief executive Bruce Lakefield said yesterday 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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US Airways UAIRQ.OB 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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Bankrupt airline US Airways will ask a  bankruptcy court judge to impose emergency pay cuts of 23  percent on its major unions, the New York Times reported late  on Thursday.
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A federal judge is expected to rule today whether US Airways Group Inc. will be permitted to impose a far-reaching 23 percent employee pay cut.