SFGate: DAILY DIGEST/US Airways cuts 10% of management jobs

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Tuesday, October 5, 2004 (SF Chronicle)
DAILY DIGEST/US Airways cuts 10% of management jobs
New York Times


   US Airways cuts 10% of management jobs

   US Airways said Monday that it is cutting 10 percent of its top salaried
and management jobs and reducing the pay and benefits of white-collar
workers in an effort to save $45?million a year.
   But the chief executive, Bruce Lakefield, will not see any change in his
$425,000-per-year salary, the airline said.
   The airline=92s statements came as leaders of its pilots union are prepa=
ring
to meet today to decide whether to submit a tentative agreement calling
for $300?million in wage and benefits concessions to the pilots for a
vote.
   US Airways filed its second bankruptcy petition in two years on Sept. 12,
after unions declined to grant $800?million more in wage and benefits
cuts. The concessions would have been the third round in three years.
   The carrier has increased its demands for union cuts to $950 million. It
asked a bankruptcy judge to impose temporary 23 percent pay cuts and to
reduce benefits for unions that did not reach a deal on new terms. A
hearing is scheduled for Thursday.
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Copyright 2004 SF Chronicle

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