US Airways gets OK to slash pay
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A US Bankruptcy Court judge, in a harsh decision he called critical to US Airways Group's survival, said yesterday the airline could slash pay by 21 percent for its unionized workforce of 25,000.
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US Airways chief executive Bruce Lakefield said he would ask a bankruptcy court judge to slash union workers&#39; pay by 23 percent and reduce or eliminate employee retirement benefits.
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Bankrupt US Airways Group. Inc.  said on Monday it would eliminate hundreds of management and nonunion jobs and impose wage and other cuts to save more than &#36;45 million annually as it tries to overhaul its business and survive.
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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. - A bankruptcy judge granted US Airways authority yesterday 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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A bankruptcy judge granted US Airways authority today to immediately cut the pay of its union workers by 21 percent, saying the airline's situation is so dire that urgent action must be taken.
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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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ALEXANDRIA, Va. Sept. 27, 2004 - US Airways Group Inc. warned in a bankruptcy court filing that it may have to liquidate by February if a judge does not impose a temporary 23 percent pay cut on its union workers.
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US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation and United said it wanted to terminate its labor contracts and would seek deeper cuts from its employees.
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US Airways announced plans Tuesday 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
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Troubled US Airways is to cut hundreds of management and non-union jobs, and cut wages, in a bid to save $45m (Â£25.2m) a year towards its survival.
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US Airways employees are earning less. A federal bankruptcy judge has given the troubled airline permission to cut the pay off its union employees by 21 percent immediately.
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US Airwaysâ unions say the bankrupt airline is âbarking up the wrong treeâ by seeking to ensure its solvency by imposing a 23 percent pay cut on its workers.
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US Airways&#39; 5,600 gate, ticket and reservation agents approved a new seven-year contract yesterday that will lower their wages by an average of 12.9
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Reservations and gate agents at US Airways approved a new contract Thursday that cuts pay by 13 percent and provides the airline some of the relief it says it needs to avoid imminent liquidation.
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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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A judge granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.