Tuesday June 20, 2006

United Airlines to cut another 1000 jobs by year-end

business-times.asia1.com.sg :

UAL Corp's United Airlines, which emerged from bankruptcy on Feb 1, will cut another 1,000 salaried and management jobs by year-end to further lower its costs. The 11% reduction will help the world's second-largest airline pare administrative expenses by about US$100 million, chief executive officer Glenn Tilton said. It wants to trim total spending by US$400 million this year.

United, based in Elk Grove, Illinois, now has about 9,400 salaried and management jobs. The airline reduced annual labour costs by US$4 billion, including cutting more than 23,000 jobs, before its bankruptcy exit. Excluding a bankruptcy accounting benefit, the airline's first-quarter loss widened to US$306 million on fuel and labour spending.

See also :

1. Losses spiral at United Airlines
2. Airlines must consolidate fast or die : Swiss Int'l chief

(2006-06-20 18:11:18 SGT) [Biz] Permalink

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