US Airways asks court to cut workers&#39; pay to stave off bankruptcy
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ARLINGTON, Va. US Airways has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season.
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US Airways' 28,000 employees waited last night for the airline to file a petition with the judge in its bankruptcy proceeding, seeking to void existing labor contracts and impose a 23 percent pay cut on workers.
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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 met with two unions yesterday to try to agree on concessions before an Oct. 7 hearing at which a bankruptcy judge may let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union
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US Airways chief executive Bruce Lakefield said Friday the airline would, as expected, ask a bankruptcy judge to impose temporary pay cuts on its union workers to conserve cash during the slow fall travel season.
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US Airways Group Inc. is proceeding with plans to seek bankruptcy court permission to cut employee pay and benefits, Chief Executive Bruce Lakefield said in a recorded message to workers.
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Troubled airline US Airways asks a court to impose wage cuts of up to 23%, warning it may go into liquidation.
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Labor leaders at US Airways expect management to soon seek bankruptcy court permission to cut wages for members of some of its five unions.
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US Airways&#39; unions, defying efforts to win labor concessions to avert a bankruptcy, are unlikely to give up pay and benefits under a threat of cuts imposed by a court, a labor leader and consultants said.
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US Airways will ask the bankruptcy court to temporarily nullify its labor agreements and impose wage cuts if the carrier&#39;s unions do not agree on concessions by Friday, the chief executive told employees yesterday.
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With a bankruptcy court scheduled to hear on Dec. 2 arguments by US Airways Group Inc. to throw out contracts covering union workers who haven&#39;t approved new deals, union leaders for the carrier&#39;s customer
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US Airways Group Inc. UAIRQ.OB will  ask a bankruptcy court on Friday to impose emergency pay cuts  of 23 percent on unionized workers if an agreement with the  workers is not reached during the day.
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US Airways Group Inc. yesterday asked a federal bankruptcy judge to void labor agreements with three unions to help it slash costs and avoid liquidation.
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ALEXANDRIA, Va. US Airways is warning a bankruptcy judge that it may have to liquidate as soon as February unless the judge imposes temporary pay cuts of 23 percent on the airline&#39;s union workers.
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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US Airways asked a bankruptcy judge Friday to cancel labour contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition