Judge Gives US Airways Authority to Cut Union Pay
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A judge granted US Airways most of the emergency pay cuts for its union members that it had said were critical to avoid liquidation.
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US Airways announced plans 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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Pilots at US Airways voted to give the bankrupt airline $300 million in annual wage and benefit concessions, their union said Thursday, making it the first major union at the airline to agree to permanent cutbacks.
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US Airways Group Inc.  will ask a bankruptcy court on Friday to impose emergency pay cuts of 23 percent on unionized workers if an agreement with the workers is not reached during the day.
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US Airways UAIRQ.OB wants a  bankruptcy judge to impose temporary wage and other cost cuts  on its union workers, warning that it only has enough cash to  operate through January.
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US Airways Group Inc. met with two unions to try and agree on concessions before an Oct. 7 hearing at which a bankruptcy judge might let the carrier temporarily reduce pay 23 percent to help avoid potential liquidation.
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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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US Airways Group Inc. pilots approved a plan Thursday to cut pay and benefits $1.85 billion over five years to provide savings the airline said it needs to emerge from bankruptcy-court protection.
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US Airways Group Inc. UAIRQ.OB will  ask a bankruptcy court on Friday to impose emergency pay cuts  of 23 percent on unionized workers if an agreement with the  workers is not reached during the day.
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ALEXANDRIA, Va. -- A US bankruptcy judge threw US Airways a lifeline Friday, imposing a four-month, 21 percent wage cut on the floundering airline&#39;s 28,000 union employees.
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Bankrupt airline US Airways will ask a  bankruptcy court judge to impose emergency pay cuts of 23  percent on its major unions, the New York Times reported late  on Thursday.
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ARLINGTON, Va. - US Airways&#39; pilots union ratified a new labor contract that will cut their base pay by 18 percent and save the airline $300 million a year.
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US Airways  has asked a bankruptcy judge to approve temporary wage and other cost cuts from its unions, saying it only has enough cash to survive through January 2005.
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A bankruptcy judge on Thursday canceled a collective bargaining agreement between US Airways and its machinists union, providing millions of dollars in annual savings that the airline says will relieve pressure for a quick liquidation.
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US Airways' unions say the bankrupt airline is ''barking up the wrong tree&quot; as it seeks to ensure its solvency by imposing a 23 percent pay cut on its workers.
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ALEXANDRIA, Va. -- US Airways asked a bankruptcy judge yesterday to cancel labor contracts with three of its unions and impose much lower pay so it can move ahead with a plan to permanently cut costs, reposition itself as a low-cost carrier, and avoid a possible liquidation.
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ALEXANDRIA, Va. A federal bankruptcy judge is weighing whether to grant US Airways&#39; request to impose 23-percent pay cuts on its workers to shore up its financial position while it reorganizes.