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United Announces New Round of Layoffs, Works to Get Federal Loan Guarantee.
Byline: John Schmeltzer
Oct. 22--Financially troubled United Airlines announced a new round of layoffs Monday as it continued putting the final touches on a business plan it hopes will lead to a $1.8 billion federal loan guarantee.
The world's second largest airline is laying off 1,250 workers by closing three reservation offices, shuttering a maintenance line and changing service to five cities. All the workers are members of the International Association of Machinists and Aerospace Workers, which until this past weekend had insisted that a plan to rescue the Elk Grove Township-based airline did not have to include wage cuts by its members.
United warned that further cuts and layoffs could be announced in ...
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- United Announces New Round of Layoffs, Works to Get Federal Loan Guarantee.
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