United Airlines unions offer $5 billion in cuts

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United Airlines unions offer $5 billion in cuts  =

 =


Wednesday September 25, 7:53 PM EDT =


CHICAGO, Sept 25 (Reuters) - The coalition for five unions at United Airl=
ines on Wednesday said it offered the No. 2 U.S. carrier $1 billion per y=
ear over five years in wage cuts plus other undetermined concessions to h=
elp the airline get loans but the group had not decided how to divide up =
the sacrifices.

In a letter to UAL Corp. (UAL) Chief Executive Glenn Tilton, the coalitio=
n said: "We stand ready to negotiate and implement a recovery program tha=
t will provide United with $5 billion dollars in labor cost savings over =
the next five years."

The coalition said together with other cost savings and broad strategic i=
nitiatives, the framework would enable United to improve its core annual =
profitability by $2 billion or $3 billion. =



=A92002 Reuters Limited. =


Roger
EWROPS

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