US Airways&#39; Agents Approve a Pay Cut
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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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A judge granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.
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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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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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US Airways Group Inc., acting under Chapter 11 bankruptcy protection, has proposed a 19.5% pay cut for its pilots, The Wall Street Journal reports.
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ARLINGTON, Va. - The union for 5,800 US Airways Group Inc. customer-service and reservation agents said it reached agreement on pay and benefit cuts the airline had sought to help emerge from bankruptcy.
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A bankruptcy judge granted US Airways authority yesterday to temporarily cut the pay of its union workers by 21 percent, comparing the airline&#39;s financial outlook to &quot;a ticking fiscal time bomb.
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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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US Airways Group Inc., operating under bankruptcy court protection, may agree with pilots as soon as today on $300 million in wage and benefit cuts, the head of the Air Line Pilots Association said.
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ARLINGTON, Va. - US Airways&#39; pilots union ratified a new labor contract that will cut their base pay by 18 percent and save the airline $300 million a year.
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US Airways and its pilots&#39; union reached a tentative agreement yesterday on $300 million in annual wage and benefit cuts, after weeks of debate inside the union over whether to grant concessions to the troubled airline.
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A federal bankruptcy judge in Alexandria has granted US Airways permission to immediately cut the pay of its union workers by 21 percent.
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Pilots at US Airways narrowly approved $300 million in wage and benefit cuts today, making the Air Line Pilots Association the first major union representing US Airways workers to agree to permanent concessions.
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SAN FRANCISCO (CBS.MW) -- Passenger service agents for US Airways represented by the Communications Workers of America ratified changes to their contract with the carrier, including a 12.9 percent average reduction in wages, the union said Thursday.
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Pilots at US Airways have voted in favor of giving $300 million in annual wage and benefit concessions to the struggling airline, becoming the first major labor group to accept permanent
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ALEXANDRIA, Va. Â· A bankruptcy judge granted US Airways authority Friday 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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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.