A 'Fiscal Time Bomb' ; Judge Oks Draconian Pay Cuts at Us Airways
The Record, Bergen County, NJ › October 18, 2004
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Summary
ALEXANDRIA, Va. - A bankruptcy judge granted US Airways authority Friday to immediately cut the pay of its union workers by 21 percent through mid-February, saying the airline's situation is so dire that urgent action must be taken.
The 21 percent pay cut is nearly all of the 23 percent reduction the air carrier had sought.See the full content of this document
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A 'Fiscal Time Bomb' ; Judge Oks Draconian Pay Cuts at Us Airways
"Basically what we have here is a ticking fiscal time bomb," U.S. Bankruptcy Judge Stephen Mitchell sai...
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