US Air Pilotsâ Union Balks at Wage and Benefit Cuts
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he leader of a rebel pilot group at US Airways accused the company of demanding too many sacrifices from its employees, saying that the airline&#39;s request for $295 million in annual wage and benefit cuts had &quot;gone from need to greed.
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Delta Air Lines&#39; pilots, by far the best paid in the airline industry, face a painful choice over the next few weeks: accept a tentative deal that calls for a one-third cut in pay, or
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Shares of US Airways Group Inc.  UAIR.O slid as much as 23 percent on Tuesday after leaders of  its pilots union rejected the company's latest contract  proposal, dealing a blow to its attempt to avoid a second trip  through bankruptcy.
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US Airways Group Inc.'s pilots union  said on Wednesday it may agree this week on a plan to cut wages  and benefits to help the seventh-biggest U.S. airline avoid a  second bankruptcy filing.
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The turmoil in the airline industry intensified yesterday when leaders of the pilots union at US Airways rejected the company&#39;s latest plan to cut wages and benefits and a key member of
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Big labor unions at bankrupt US  Airways Group Inc. UAIRQ.OB claimed on Tuesday the carrier  has fallen far short of proving that it must have immediate  court-imposed wage and other cuts to survive.
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Talks between US Airways Group Inc. and the union representing pilots have broken down, the Air Line Pilots Association said Monday.
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ARLINGTON, Va. A US Airways official says the airline and its pilots union agreed early today on a new labor contract a week after the company asked a bankruptcy judge to impose pay cuts.
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The pilots will vote on US Airway's demand for $300 million in wage and benefit concessions, their union said Tuesday night.
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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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US Airways reached a tentative agreement with the leaders of its pilots union on $300 million in annual concessions yesterday, a deal that would result in the pilots permanently losing 17.5 percent of their salaries in exchange for a chance to save the airline and their jobs.
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US Airways' efforts to extract $800 million in cost cuts from its unions and avoid a return to bankruptcy suffered a major setback when a divided pilots union refused to submit a contract proposal to its membership for a vote.
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With only one week remaining for US Airways to avoid another trip through bankruptcy, the pilots union prepared last night to consider a new company cost-cutting
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US Airways Group Inc.&#39;s pilot leaders rejected proposed pay and benefit cuts, possibly derailing the carrier&#39;s plan to wrest $800 million in labor concessions in time to avoid a second bankruptcy filing.
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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.
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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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Leaders of US Airways' pilots union rejected late last night a bid to have pilots vote on a concessions proposal from the airline.