United Airlines To Slash 1000 Jobs | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.12.17

Airborne 01.13.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.12.17

Airborne 01.13.17

Thu, Jun 15, 2006

United Airlines To Slash 1000 Jobs

Aims To Save $400 Million Annually

Attention, United Airlines workers who've watched your salaries decline and your pensions go away: management is about to feel your pain.

Reuters reports that United's parent company, UAL, says it will cut at least a thousand management positions -- more than 10 percent of the front office work force -- in an effort to save another $100 million a year in salaries and benefits. The move will get United about one-quarter of the way to its goal of cutting $400 million annually.

"As we near the end of our second quarter, our cost performance is somewhat better than the guidance we provided," said United CEO Glenn Tilton. "We are going to reduce our costs further."

Tilton told the Merrill Lynch Global Transportation Conference this week that he plans to cut about $200 million dollars out of the budget for outsourced services... slash another $60 million from marketing, and increase operational efficiencies to save yet another $40 million dollars.

Sound tough? Well, you gotta hand it to United. In bankruptcy, the airline cut about $7 billion in annual costs. $400 million should be a comparative walk in the park.

FMI: www.united.com

Advertisement

More News

Airborne 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

Airborne 01.16.17: Dynon/EAA STC Expands, SpaceX, Chao Coy On ATC Privatization

Also: Project Titan, Part 23 Rule, SportAv HoF, Iran Air, FL's Space Coast, Galaxy Note7 Warnings, Boeing Employees When Dynon and EAA announced that they had worked together to ob>[...]

Airborne 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

FAA Grants TSO To Sandia For (I)VSI

Gives Nearly Immediate Vertical Speed Information The FAA has granted SANDIA Aerospace an additional TSO on their popular SAI 340 Quattro multi-function indicator. In addition to A>[...]

ANN's Daily Aero-Linx (01.18.17)

Intrepid S-A-S Museum Occupying some prime “sea estate” on the Hudson River in Manhattan is the Intrepid Sea, Air and Space Museum. Boasting “Adventures in Herois>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC