Planned Cutback By United Will Eliminate 45 Jobs
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By Elizabeth Bluemink, Anchorage Daily News, Alaska  Jun. 9--The only airline offering nonstop daily flights from Anchorage to Denver plans a drastic cutback later this year that could squeeze capacity and increase costs for some Anchorage travelers.
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CHICAGO -- United Airlines said yesterday further job cuts will be necessary as it continues slashing costs to get out of bankruptcy.
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The planned elimination of 800 jobs is part of a restructuring plan that will cost $40 million, the troubled firm says.
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The government's pension guarantee agency said yesterday that it will seek immediate termination of the pension plan of the pilots of United Airlines, a move the agency estimated would save it $140 million over the timetable proposed by the carrier and its pilots.
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Bankrupt United Airlines (UALAQ.OB: Quote, Profile, Research) said on Friday it needs labor cost cuts on top of any gains from terminating employee pensions and expects to move toward voiding its labor contracts in early November.
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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 said on Wednesday it would reduce US flights and increase capacity on more lucrative international routes as part of its aggressive cost-cutting campaign to emerge from bankruptcy.
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US firms cut back on the total number of staff employed for the first time in four years, official data shows.
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Delta Air Lines, the third-largest carrier in the United States, announced Wednesday it will cut 7,000 jobs -- 10 percent of its workforce -- during the next 18 months and will slash wages.
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Continental Airlines said Tuesday it will cut pay and benefits for managers and clerical workers by $48 million. The announcement marks the first specifics outlined by Houston-based Continental
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Cash-strapped UAL Corp., parent of United Airlines, yesterday said that it would &quot;likely&quot; terminate its four pension plans as part of its efforts to further cut costs and emerge from bankruptcy.
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ARLINGTON, Va. US Airways says it plans to cut 45 (m) million dollars a year in pay and benefits in a move the airline hopes will convince its union employees to accept 950 (m) million dollars in annual cost cuts.
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United Airlines is poised to make more reductions in its work force -- already 40 percent smaller than it was before the 2001 terrorist attacks. The second-biggest US airline confirmed job cuts will be part of its plan to get out of bankruptcy.
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The English National Opera announces plans to cut 10% of its workforce, axing about 45 jobs.
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UAL Corp.&#39;s United Airlines said Friday it is following through on its plan to cut $2 billion in costs by cutting back domestic flights and non-union salaries.
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American Airlines told its employees last night that it planned to lay off as many as 1,100 pilots, mechanics and other employees, as part of a cost-cutting program.
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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.