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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION
UAL unions join up in labor talks
In a meeting with the airline's five labor unions, new CEO Glenn Tilton said bankruptcy is not a foregone conclusion. The unions gathered in their first joint strategy meeting since workers got control in '94. They hope to minimize layoffs but cut costs enough to qualify for a $1.8 bil federal loan guarantee.
Northwest plans to cut 350 jobs
The No. 4 U.S. airline hopes to cut the full-time positions via a voluntary leave program that lets workers keep seniority rights and travel and recall privileges. They'd be able to keep getting medical benefits or get unemployment pay. About 175 have left. Northwest Air also laid off 670 temps hired for the summer travel season.
AEROSPACE/DEFENSE
Boeing says contract offer is final
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...Fourth quarter 1994 retail sales rose 30.0% to a record...billion in 1993. Comparable store sales for stores open two full...included in our comparable store sales calculation, generated a 28% same-store sales increase for the month...
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...sales, foreign comparable store sales rose 1.1 percent, and total comparable store sales rose 1.6 percent. For the twenty...1994, domestic comparable store sales rose 1.8 percent. Using last year...
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- Press release article from: PR Newswire March 3, 1994 700+ words
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