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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A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken.
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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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A bankruptcy judge granted US Airways authority today to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken.
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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 Group Inc. yesterday asked a federal bankruptcy judge to void labor agreements with three unions to help it slash costs and avoid liquidation.
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US Airways met with two unions yesterday to try to agree on concessions before an Oct. 7 hearing at which a bankruptcy judge may let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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Bankrupt US Airways took a crucial  step toward securing $300 million in concessions from its  pilots union late on Tuesday when leaders of the labor group  said they would forward a plan to cut wages and benefits to all  pilots for a vote.
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US Airways Group Inc. UAIRQ.OB 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 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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The union representing reservation agents and other passenger service employees at US Airways has voted to authorize a strike if it cannot negotiate a fair contract with the bankrupt airline.
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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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US Airways chief executive Bruce Lakefield said he would ask a bankruptcy court judge to slash union workers&#39; pay by 23 percent and reduce or eliminate employee retirement benefits.
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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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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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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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Big labor unions at bankrupt US  Airways Group Inc. UAIRQ.OB claimed on Tuesday the carrier  has fallen far short of proving that it must have immediate  court-imposed wage and other cuts to survive.