United is walking back some worker schedule cuts, making them voluntary, after a lawsuit from the employees' union
United is now seeking full-time fleet and customer service workers to volunteer to reduce their schedules from 40 to 30 hours and part-time employees to move from 20 to 10 hours a week. Involuntary schedule cuts would follow if enough people don't volunteer, an executive warned. Benefits wouldn't change, a spokesman said.
"Given our continued need to cut costs across the entire company, this proposed program will only be successful if we have a high rate of participation," United COO Greg Hart said in a staff note Wednesday. "We will monitor the participation rates and report back to you on the program's performance at the end of June. Without a high level of participation, we will have no choice but to reconsider a mandatory reduction to 30 hours for our full-time employees.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
United Airlines to offer $2.25 billion of bonds in private dealUnited Airlines Inc. said Wednesday it is offering $2.25 billion in senior secured notes in a private offering. The bonds will be offered in two tranches maturing in 2023 and 2025. Proceeds of the deal will be used to repay a $2.0 billion term loan entered into in March and for general corporate purposes. Shares fell 0.8% premarket.
Read more »
United Airlines service workers' union sues over schedule cuts after carrier got federal aidUnited fleet and passenger service workers are suing the airline over a planned cut to their hours, saying it violates their contract and the law providing billions in coronavirus aid from the government.
Read more »
High-rise tower catches fire in United Arab EmiratesA high-rise tower has caught caught fire in the United Arab Emirates and authorities say it isn't immediately clear what caused the blaze
Read more »
American Airlines CEO Says United Can’t Legally Shift Workers From Full-Time To Part-Time, Sources SayIn a labor-management teleconference, American CEO Doug Parker said United is going against the terms of the funding its received under the CARES Act in shifting workers from full-time to part-time, sources say.
Read more »
United Airlines service workers' union sues over schedule cuts after carrier got federal aidUnited fleet and passenger service workers are suing the airline over a planned cut to their hours, saying it violates their contract and the law providing billions in coronavirus aid from the government.
Read more »
Major U.S. Automakers Are Expected to Reopen Their Factories Within 2 WeeksThe United Auto Workers union on Tuesday appeared to be onboard
Read more »