United Seeks Further Labor Cuts
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United Airlines is moving to obtain another $725 million in labor concessions and eliminate employees' traditional pensions as it seeks the financing to come out of bankruptcy.
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UAL Corp., the bankrupt parent of United Airlines, Wednesday said it would cut back on US flights and increase its capacity on more lucrative international routes.
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United Airlinesâ 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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ARLINGTON, Va. -- US Airways chief executive Bruce Lakefield said yesterday 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 plans to ask a federal bankruptcy judge to impose temporary pay cuts on its workers unless it can reach agreement with its unions before then.
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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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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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United Airlines, trying to restructure after nearly two years in bankruptcy protection, told its unions last night that it wanted to terminate its four pension plans and seek additional
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Continental Airlines said Thursday it is seeking $500 million more in cuts in wages and benefit reductions. The company said the move is necessary - on top of more than $1.1 billion in
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UAL Corp.&#39;s United Airlines said Friday it is following through on its plan to cut $2 billion in costs by cutting back domestic flights and non-union salaries.
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Says it needs to save an additional $725M and also asks for pension relief; strikes loom. NEW YORK  - The parent of United Airlines Inc.
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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
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United Airlines is expected to ask a bankruptcy judge to let it extract new concessions worth &#36;725 million a year from employees as it seeks to reorganize, the Wall Street Journal reported on Friday, citing unnamed sources.
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United Airlines says it&#39;ll need even more labor cuts than anticipated to get out of bankruptcy. United told a bankruptcy court judge in Chicago today that it intends to start talks with unions next month on a new round of cost savings.
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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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CHICAGO Sept. 17, 2004 - Struggling to put together a new bankruptcy exit plan, United Airlines said Friday it is in talks with its unions about the need for an additional $500 million in cost cuts.
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Executives at the Illinois-based UAL Corp., parent of bankrupt United Airlines, will share airline employees&#39; pain with pay cuts of 4 percent to 8 percent.