Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
Well, here you have it. The mighty IAM seems to be relieved that they still get union dues.
Associated Press
US Airways Machinists OK Pay, Benefit Cuts
Friday January 21, 8:11 pm ET
Machinists at Bankrupt US Airways' Last Holdout Union Approve Pay and Benefit Cuts
MCLEAN, Va. (AP) -- Machinists at bankrupt US Airways' last holdout union voted Friday to approve pay and benefit cuts that will save the airline almost $270 million -- but cost thousands of union members their jobs.
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Friday's vote by the machinists union gives the airline a reduction of more than $1 billion in its annual labor costs, the level management said was necessary to be viable in an increasingly cutthroat industry.
REMAINDER DELETED.....POST THE LINK
Associated Press
US Airways Machinists OK Pay, Benefit Cuts
Friday January 21, 8:11 pm ET
Machinists at Bankrupt US Airways' Last Holdout Union Approve Pay and Benefit Cuts
MCLEAN, Va. (AP) -- Machinists at bankrupt US Airways' last holdout union voted Friday to approve pay and benefit cuts that will save the airline almost $270 million -- but cost thousands of union members their jobs.
ADVERTISEMENT
Friday's vote by the machinists union gives the airline a reduction of more than $1 billion in its annual labor costs, the level management said was necessary to be viable in an increasingly cutthroat industry.
REMAINDER DELETED.....POST THE LINK