US Airways, Pilots to Resume Talks on $295 Mln Concession Plan
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US Airways Group Inc., struggling to avert a second bankruptcy filing since 2002, will resume talks with its pilots on $295 million in pay and benefit cuts, possibly later today.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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Pilots at US Airways Group Inc. resumed negotiations Wednesday with management on a new labor contract with the bankrupt airline, even as the company made clear that it will now be seeking greater concessions.
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US Airways Group Inc. (UAIRQ.PK: Quote, Profile, Research) said on Friday it reached a tentative agreement with its pilots union that would save $300 million annually and move the
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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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US Airways Group Inc, struggling to avert a second bankruptcy filing since 2002, and its pilots union have agreed to resume negotiations on US$295 million in pay-and-benefit cuts.
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US Airways Group Inc. and its pilots union plan to resume talks on $295 million in pay and benefit cuts the carrier needs to help avoid a second bankruptcy filing, after each side made a proposal over the weekend.
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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The union representing US Airways pilots voted yesterday to send a concessionary contract, meant to save the troubled airline $300 million a year, to its 3,200 pilots for a vote.
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US Airways is in talks with its pilots over pay cuts designed to turn it into a low-cost carrier, but failure could see it return to bankruptcy.
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US Airways reached a tentative $4.5 million cost-cutting agreement with leaders of the union that represents the carrier&#39;s 150 flight dispatchers, the airline said yesterday.
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The Air Line Pilots Association says the pilots&#39; negotiating committee met with management Sunday, a week after talks broke down.
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The governing body of US Airways pilots&#39; union said Wednesday it authorized its negotiating committee to restart talks with the airline regarding a new labor pact.
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ARLINGTON, Va. Aug. 30, 2004 - Talks between US Airways Group Inc. and the union representing pilots have resumed, the Air Line Pilots Association said Monday.
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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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SAN FRANCISCO (CBS.MW) - US Airways Group, under a tight deadline to reach deals with its unions to avoid slipping back into bankruptcy, is still far apart on a tentative agreement with its pilots.
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US Airways Group Inc. and its pilots union agreed late Friday to reopen concession talks after leaders of the labor group declined to endorse a plan proposed by management for nearly $300 million in givebacks, both sides said.