Continental cuts $22 mln more in wages, benefits
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Continental Airlines (CAL.N: Quote, Profile, Research) on Thursday finalized details of wage and benefits cuts for reservations and food service workers that the airline said
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US airline Continental signs a partnership agreement with its main union as it seeks to keep costs under control.
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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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Citigroup Inc.  could make as much as $24 billion in writedowns and lay off 20,000 workers as part of a plan to cut costs and boost capital, CNBC said on its Website in a report dated Sunday.
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Continental Airlines Inc. expects to take &#36;19 million in fourth-quarter charges for future lease payments and return conditions for aircraft retirements, the No. 5 U.S. airline said in a filing on Friday.
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ALEXANDRIA, Va. - A federal bankruptcy judge has granted approval for US Airways to cut the pay of its union workers by 21 percent through February to help the nation's seventh-largest airline stay in business and emerge from bankruptcy...
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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 employees to collectively accept $950 million in annual cost cuts.
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Continental Airlines Inc.  on  Thursday said second-quarter profit nearly doubled as higher  fares and wage cuts offset climbing fuel prices.
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Dell Inc. has cut prices as much as 22 percent on selected computer equipment for US corporate and institutional customers, saying it was passing along savings from lower component prices.
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Continental Airlines CAL.N said  late on Thursday it would seek $500 million in annual wage and  other concessions from its workers to avert more losses largely  caused by record high fuel prices.
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Delta Air Lines on Tuesday slashed pay for most workers, and pilots agreed to contract changes that should prevent a wave of pilot retirements from pushing it into bankruptcy protection.
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In the wake of Continental Airlines&#39; announcement it will buy more Boeing aircraft, the carrier is working to assure its employees, whose pay and benefits are being cut by $500 million, that
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Continental Airlines Inc.   plans to eliminate about 425 management and clerical jobs, and wage cuts may be next if the revenue picture does not improve, the No. 5 U.S. carrier said on Thursday.
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US Airways intends to slash its executive payroll by 20 percent, reducing the pay and benefits for its 3,000 managers and eliminating some positions, sources familiar with the plan said yesterday.
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Continental Airlines Inc  on  Thursday posted a fourth-quarter profit as more international  flights helped offset higher fuel costs.
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Continental Airlines Inc. on Thursday said it will seek to cut $500 million in annual wages and benefits on expectations of losing &quot;hundreds of millions of dollars&quot; this year.
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Continental Airlines Inc  said  on Tuesday that it signed new service contracts with Electronic  Data Systems Corp , GE Aviation  and  Hewlett-Packard Co .