dlredline
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Fri Jan 21, 2005 06:10 PM ET
WASHINGTON, Jan 21 (Reuters) - Machinists at US Airways (UAIRQ.OB: Quote, Profile, Research) approved new contracts on Friday, completing the bankrupt carrier's efforts at securing nearly $1 billion in voluntary concessions from all its labor groups.
The International Association of Machinists, which represents nearly 9,000 mechanics, baggage handlers and other ground workers at US Airways, approved the package even though the company could cut 2,000 jobs from that group because of its plans to outsource more work.
Proposed strike authorization from the machinists became moot once the giveback deal was approved.
© Reuters 2005. All Rights Reserved.
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WASHINGTON, Jan 21 (Reuters) - Machinists at US Airways (UAIRQ.OB: Quote, Profile, Research) approved new contracts on Friday, completing the bankrupt carrier's efforts at securing nearly $1 billion in voluntary concessions from all its labor groups.
The International Association of Machinists, which represents nearly 9,000 mechanics, baggage handlers and other ground workers at US Airways, approved the package even though the company could cut 2,000 jobs from that group because of its plans to outsource more work.
Proposed strike authorization from the machinists became moot once the giveback deal was approved.
© Reuters 2005. All Rights Reserved.
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