Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
UAL Pilots Agree To PayCut  
User currently offlineJBLUA320 From United States of America, joined May 2002, 3179 posts, RR: 19
Posted (11 years 10 months 3 weeks 2 days 16 hours ago) and read 1224 times:
Support Airliners.net - become a First Class Member!

I apologize I dont have an article to share with you, but recently United employees agreed on a paycut to keep their airline running.

I heard it one some talk radio station, but I couldnt find anything.

Anyway... I guess the employees like working for United. Or.. they are sure they are THIS close to going out of business.

Just thought I would share..
JBLU

1 replies: All unread, jump to last
 
User currently offlineJBLUA320 From United States of America, joined May 2002, 3179 posts, RR: 19
Reply 1, posted (11 years 10 months 3 weeks 2 days 16 hours ago) and read 1224 times:
Support Airliners.net - become a First Class Member!

Not a specific focus.... but close enough.
_____________________________________________________
United Edges Towards Savings Deals

Nov 4, 2002

Cash-strapped United Airlines has won two tentative cost cutting deals within 48 hours from workers groups as it continues its battle to stay clear of bankruptcy.

Pilots leaders were the first to announce that they would recommend acceptance of the latest cost savings plans, which include proposals from a coalition of the company's five major unions.

On Sunday, another deal was reached with the Transport Workers Union representing the airline's meteorologists. They, like the pilots, will have to vote on ratification and United's board will also have to give its approval.

United is seeking, in total, labor savings of USD$5.8 billion to bolster its application for a USD$1.8 billion federal loan guarantee from the Air Transportation Stabilization Board.

Paul Whiteford, chairman of United' pilots council, said that accepting the tentative savings agreement had been "a painful decision that would require sacrifices."

At the end of Sunday's negotiation with the TWU, United's chief executive officer, Glen F. Tilton said: "Clearly, the TWU understands the importance of the goals we are working to accomplish and I applaud them for tackling this challenge head-on.

"This agreement, the second with one of United's unions in 48 hours, is a firm indication that the company and all of its unions are intensely focused on United's future success and financial health."
___________________________________________________________
Flight attendants at cash-strapped United Airlines say they have offered to take a 3.6 percent pay cut for most of their members to help the carrier in its battle to restructure itself and avoid bankruptcy.

The Association of Flight Attendants is part of a five-union coalition at America's second largest airline which has put forward proposals aimed at making USD$1 billion savings in labor costs.

Although CEO Glenn F. Tilton has said that filing for bankruptcy is not inevitable, the airline is depending on a federal lifeline being thrown its way in the shape of a USD$1.8 billion loan guarantee from the US Air Transportation Stabilization Board.

United has filed a revised business plan with the ATSB which has warned that the carrier must make deeper cost cuts if it is to give its approval.

Under the flight attendants offer to the company, around 85 percent of the 25,000 membership at United would take a drop in pay.

The airline, which lost USD$2.1 billion last year, posted a third quarter loss of USD$889 million earlier this month.

______________________________________-
JBLU



Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
UAL Pilots Agree To $2.2 Billion Pay Cuts posted Sat Nov 2 2002 08:47:37 by B747-437B
Delta Pilots Agree To More Pay Cuts posted Thu Dec 29 2005 00:40:22 by Air380
IC Pilots Agree To Fly "Struck Work" AI Routes posted Sun Apr 27 2003 20:12:40 by B747-437B
What Did The AA Pilots Agree To? posted Wed Apr 2 2003 00:42:02 by Coronado
US Airways Pilots Agree To Pay Cuts posted Wed Jul 10 2002 00:27:57 by Travelin man
Mesaba Pilots Asked To Take 19% Paycut posted Tue Dec 6 2005 14:33:19 by LUVRSW
UAL Pilots To Battle Pension Plan Take-over posted Tue Jan 4 2005 06:39:59 by Scotron11
UAL Pilots: "Whatever It Takes To Save Pensions" posted Tue Aug 10 2004 07:05:17 by Alphascan
Congrats To All UAL Pilots posted Fri Sep 1 2000 02:14:01 by TimobeAr
UAL Business Class To Asia posted Sun Oct 29 2006 23:18:32 by Charliejag1