UAL Sets Salary Cuts; Aims for Savings
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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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Bankrupt US Airways (UAIRQ.OB: Quote, Profile, Research) on Thursday said its passenger service agents ratified contract changes that include a 12.9 percent cut in average pay, which will save the cash-strapped airline $137
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ARLINGTON, Va. -- US Airways Group has asked a bankruptcy judge to impose temporary pay cuts on union workers to conserve cash flow during the slow fall travel season, the company said Saturday.
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United Airlines, trying to revamp its  business after nearly two years in bankruptcy, has told its  unions it must terminate and replace their pensions as part of  its drive to cut costs by an additional $2 billion a year.
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US Airways today won most of the emergency pay cuts it said were critical to avoid liquidation and United said it wanted to terminate its labor contracts and would seek deeper cuts from its employees.
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Missteps and cutbacks at bankrupt  United Airlines UALAQ.OB have destroyed good will with labor,  the union representing flight attendants charged on Tuesday,  adding that management appears determined to run the carrier  "into the ground."
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An expert says the agreement probably will make it easier to reach cost-cutting deals with the ailing carrierâs other unions. United Airlines is making headway in its efforts to trim labor costs by $725
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UAL Corp. , parent of United Airlines, on Friday said it would lay off up to 825 ramp and customer service workers as the airline continues its fight to emerge from bankruptcy.
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US Airways Group Inc.'s (UAIR.O) chairman said employees must agree to &#36;800 million in new wage and benefit cuts within 30 days or the airline might be liquidated, the New York Times said on Thursday, citing an interview with Chairman David Bronner.
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CHICAGO United Airlines says it will 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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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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United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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ARLINGTON, Va. - 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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The head of UAL Corp.'s United  Airlines said on Thursday the airline's restructuring plan  would lead to a significant number of job losses, but it was  not clear how many.
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United Airlines told its unions that it wanted to terminate its four pension plans and seek additional wage and benefit concessions.
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UAL Corp. UALAQ.OB, the bankrupt  parent of United Airlines, on Wednesday said it would reduce  U.S. flights and increase capacity on more lucrative  international routes, in keeping with its aggressive  cost-cutting efforts.
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United Airlines' flight attendants and pilots on Monday ratified new contracts that reduce wages and benefits, key steps in the carrier's bid to cut costs in an effort to emerge from a 26-month bankruptcy.