UAL seeks additional two billion dollars in cuts
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CHICAGO  - Bankrupt United Airlines is seeking another two billion dollars in labour savings from its workforce, according to papers filed with a US district bankruptcy court.
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UAL Corp.UALAQ.OB, the bankrupt  parent of United Airlines, on Wednesday said it would reduce  U.S. flights and increase capacity on more lucrative  international routes, in keeping with its aggressive  cost-cutting efforts.
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United Airlines parent UAL Corp. will  need about $500 million more in annual cost cuts above the $655  million in the works now as well as pension cost savings to  emerge from bankruptcy, the carrier said on Friday.
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United Airlines said yesterday that further job cuts will be necessary as it continues slashing costs in order to get out of bankruptcy.
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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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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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United Airlines hopes to complete a new business plan within two months, including a decision on whether to terminate its pension plans, the company told employees yesterday.
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The head of UAL Corp.'s United  Airlines said on Thursday the airline's restructuring plan  would lead to a significant number of job losses, but it was  not clear how many.
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UAL Corp. said it will reduce the overall size of United Airlines&#39; fleet and shift more aircraft to serve international routes, which are more profitable.
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UAL Corp., parent of United Airlines, asked a bankruptcy court Wednesday to terminate its union contracts if the carrier can&#39;t get an additional $725 million in cost savings from employees by mid-January.
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UAL Corp. , parent of United Airlines, on Friday said it would lay off up to 825 ramp and customer service workers as the airline continues its fight to emerge from bankruptcy.
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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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Struggling United Airlines is rushing to again slash wages and to terminate pension plans in a bid to stem cash drain and satisfy lenders.
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UAL Corp., the bankrupt parent of United Airlines, Wednesday said it would cut back on US flights and increase its capacity on more lucrative international routes.
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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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CHICAGO United Airlines officials say they need to cut an additional 500 (m) million dollars in costs to help the carrier fly out of bankruptcy.
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United Airlines said it will need to cut more than $1 billion from its annual costs, a much higher figure than previous estimates.