United, US Airways Making Progress On Labor Cost Cuts
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DECEMBER 17, 2004 -- United Airlines&#39; pilots union leaders last night agreed to send a new tentative agreement to its members for a ratification vote, according to a message sent to company employees.
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Pilots and management at US Airways continue talks Friday in hopes of making a deal to help save the struggling carrier. Negotiations might continue into the Labor Day weekend, says pilots union spokesman Jack Stephan.
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United Airlines and Delta Air Lines both took further steps to tackle the US aviation industry&#39;s crippling financial crisis, despite the normally quiet Thanksgiving holiday period.
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United Airlines&#39; union leaders huddled Friday to decide how to respond after the company signaled its intent to impose an additional $725 million in labor cuts and eliminate traditional pension plans.
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The union representing US Airways&#39; (USAIRQ.OB:OTC-BB - news - research) passenger service employees said it has reached a tentative labor agreement with the bankrupt carrier.
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ALEXANDRIA: US airways has reached a tentative agreement with the union representing more than 5,000 customer service workers, and continued talks with two other big labour groups about steep givebacks to keep the airline flying past January.
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United Airlines and its two biggest unions took a step Friday toward mending a bitter labor- management conflict. The carrier agreed to hire a consulting firm specializing
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A bankrupt US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation, and the airline industry&#39;s other bankrupt company, United, said
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Bankrupt US Airways is giving flight attendants, machinists and passenger service workers three weeks to reach consensual cost-cutting pacts before the airline asks
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DETROIT - General Motors Corp. and the United Auto Workers made progress at the bargaining table yesterday but still faced significant hurdles and weren't expected to agree on a new contract until later in the weekend.
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United Airlines said on Friday that it would need about $500 million more in annual cost cuts, in addition to the $655 million now planned.
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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant
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United Airlines is mulling plans to cut 6,000 jobs -- or 10 percent of its work force, according to the Financial Times. The move would allow the bankrupt carrier to cut annual operating costs by $655 million.
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The union representing US Airways baggage handlers hopes to find cost cuts without losing 4,000 jobs to outsourcing, the Pittsburgh Post-Gazette reported.
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Bankrupt US Airways is one step closer to relieving financial problems and emerging from bankruptcy as a low-cost carrier. The airline and the Transport Workers Union Local 545, which
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The pilots and flight attendants at  bankrupt UAL Corp. UALAQ.OB on Monday ratified wage-cut deals  worth $311 million annually to United Airlines, possibly moving  the carrier closer to a Chapter 11 exit.
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US Airways Group Inc. on Thursday said it reached a tentative agreement with the union representing its flight attendants for a work contract that would save the airline about $94 million.