United and US Airways reach key labour deals
Damned good thing that your social security benefits weren't wrapped up in this, huh? Bankruptcy? stock prices crash, the value of your "privitized" social security plan crashes. Poor you. Especially if you are a United or USAirways employee. You'd be fucked from both ends.
FT.com / Industries / Transport - United and US Airways reach key labour deals: "United and US Airways reach key labour deals
By Dan Roberts in New York
Published: January 6 2005 18:12 Last updated: January 6 2005 18:12
The battle for survival among traditional US airlines intensified on Thursday as the second and seventh biggest carriers took fresh steps to avoid liquidation.
United Airlines and its smaller rival, US Airways, which are both trying to emerge from bankruptcy protection, reached separate agreements to cut costs by jettisoning employee pensions.
Their breakthroughs followed the launch of a fresh price war on Wednesday when Delta, the third largest US carrier, announced sweeping fare changes designed to mimic low-cost airlines. "
FT.com / Industries / Transport - United and US Airways reach key labour deals: "United and US Airways reach key labour deals
By Dan Roberts in New York
Published: January 6 2005 18:12 Last updated: January 6 2005 18:12
The battle for survival among traditional US airlines intensified on Thursday as the second and seventh biggest carriers took fresh steps to avoid liquidation.
United Airlines and its smaller rival, US Airways, which are both trying to emerge from bankruptcy protection, reached separate agreements to cut costs by jettisoning employee pensions.
Their breakthroughs followed the launch of a fresh price war on Wednesday when Delta, the third largest US carrier, announced sweeping fare changes designed to mimic low-cost airlines. "
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