US Airways to lay off 189 in Pittsburgh, Philadelphia
US Airways has more layoffs planned for Pittsburgh and Philadelphia.
Money Center Updated:
January 29, 2003
The airline, which is operating under Chapter 11 bankruptcy protection, said in a filing with the state Bureau of Workforce Investment that it will lay off up to 106 mechanics and related workers at Pittsburgh International Airport. Another 83 employees are slated to lose their jobs in Philadelphia. US Airways said the layoffs are slated to begin around April 1.
The carrier said in the filing that the work force reductions are in addition to previously announced layoffs. The company has laid off about 5,000 since it filed for bankruptcy protection last August.
US Airways and the rest of the domestic air industry were hit hard by fallout from the events of Sept. 11, 2001. United Airlines also has sought relief under Chapter 11 of the U.S. Bankruptcy Code.
US Airways has negotiated more than $1 billion in annual wage and benefit concessions from its employee unions since August and is expecting to realize more than $1.6 billion in overall cost savings.
Earlier in January, the U.S. Bankruptcy Court in Arlington, Va., approved US Airways'' restructuring plan. The company must now get approval of the plan from a majority of its creditors. A hearing for final approval of the plan is scheduled for March 18.
US Airways, which is based in Arlington and is the dominant air carrier in Pittsburgh, plans to emerge from its reorganization by the end of March.