Judge Imposes Paycuts at UAL

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AM49AAA

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[A href=http://biz.yahoo.com/rb/030110/airlines_united_machinists_8.html]http://biz.yahoo.com/rb/030110/airlines_united_machinists_8.html[/A]
 

delldude

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[BLOCKQUOTE][BR]----------------[BR] [BR][BR] [BR] But the International Association of Machinists, representing about 37,000 workers, argued to the judge that the airline had not shown why the cuts were needed now.[BR][STRONG]can't continue to pay the bills a good enough reason?[/STRONG][BR][BR]In his ruling issued on Friday morning, U.S. Bankruptcy Judge Eugene Wedoff agreed with the airline that changes to the IAM's collective bargaining agreements were "essential, at the present time, to continue United Air Lines Inc.'s business and to avoid irreparable damage to its estate."[BR] [STRONG]13% now...more later.[/STRONG] [BR]United has about 80,000 employees, nearly 80 percent of whom are represented by labor unions. [BR][BR] [BR] [BR][BR]----------------[/BLOCKQUOTE]
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