United Airlines will cut more jobs in struggle to escape ...
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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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Indianapolis, Sept. 8 - The news hit an already suffering industry hard. Delta Airline&#39;s restructuring calls for a reduction of ten percent of its workforce, or about 7,000 people.
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United Airlines parent UAL (UALAQ:OTC BB - news - research) set plans to cut nonunion workers&#39; pay as part of an effort to slash costs and emerge from bankruptcy protection.
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United Airlines said Friday it needs even more labor cuts than anticipated to get out of bankruptcy, raising the likelihood of a new round of wage and benefit reductions.
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United Airlines is moving to obtain another $725 million in labor concessions and eliminate employees&#39; traditional pensions as it seeks the financing to come out of bankruptcy.
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UAL Corp., parent of United Airlines, announced Wednesday it plans to slash the number of domestic flights and increase its more profitable international schedule, while at the same reducing the size of its fleet.
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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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United Airlines warned yesterday that it would need to cut a further $2 billion from its annual costs in an effort to return the airline to profitability and attract external financing to exit bankruptcy.
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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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UAL Corp. UALAQ.OB, 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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United Airlines is pushing for another $725 million in labor concessions and the elimination of employeesâ traditional pensions as it seeks the financing to come out of bankruptcy.
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CHICAGO _ Calling its financial condition &quot;sobering,&quot; United Airlines said Friday that it will seek substantially more cost cuts than previously announced to help the carrier emerge from bankruptcy.
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United Airlines plans to slash the number of its domestic flights and increase its more profitable international schedule, while at the same reducing the size of its fleet.
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Bankrupt US Airways Group. Inc.  UAIRQ.OB said on Monday it would eliminate hundreds of  management and nonunion jobs and impose wage and other cuts to  save more than $45 million annually as it tries to overhaul its  business and survive.
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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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The head of United Airlines parent UAL  Corp. said on Thursday the airline's restructuring plan would  lead to a significant number of job losses, but it was not yet  clear how many.
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Union workers may face a 23 percent slash in pay; United says it needs cash reserves. United Airways asked a bankruptcy judge to impose a 23 percent pay cut on its union workers, including pilots and attendants.