UAL Sets Salary Cuts; Aims for Savings
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UAL Corp.  on Monday announced new cuts in employees' salaries as the parent of United Airlines looks to make &#36;112 million in annual savings and emerge from bankruptcy protection.
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The head of UAL Corp.&#39;s United Airlines on Thursday said the airline&#39;s restructuring plan would lead to a significant number of job losses, but it was not yet clear how many.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new contract which will allow the airline to cut  wages and get rid of traditional pensions but will give the  pilots future financial concessions.
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NEW YORK  - UAL Corp.  on Mondayannounced new cuts in employees' salaries as the parent ofUnited Airlines looks to make $112 million in annual savingsand emerge from bankruptcy protection.
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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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UAL Corp., the bankrupt parent of United Airlines, said Wednesday it will reduce US flights and increase capacity on more lucrative international routes, in keeping with its aggressive cost-cutting efforts.
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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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Pilots at UAL Corp., parent of bankrupt  United Airlines, on Thursday overwhelmingly ratified a new  contract which will allow the airline to cut wages and get rid  of traditional pensions but will give the pilots future  financial concessions.
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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UAL Corp. UALAQ.OB on Monday  announced new cuts in employees' salaries as the parent of  United Airlines looks to make $112 million in annual savings  and emerge from bankruptcy protection.
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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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Cutbacks at United Airlines (UALAQ.OB: Quote, Profile, Research) have destroyed good will with labor, the union representing flight attendants said on Tuesday, adding that management appears determined to run the carrier
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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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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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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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Struggling US Airways (UAIR) has asked its pilots to accept a 16.5% pay cut while giving them the chance to recoup some of the money by flying more.
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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.