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 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Airborne Hi-Def On YouTube

Airborne 08.22.16

Airborne 08.23.16

Airborne 08.24.16

Airborne 08.25.16

Airborne 08.26.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

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

Oshkosh 2016: The Highs, The Lows, The Heroes and The BozosÂ…

A Look Back At The Aero-Equivalent Of Burning Man, Woodstock, And An Old Fashioned Tent Revival—All Rolled Into One Week in Wisconsin With Oshkosh all of a few weeks in the r>[...]

Airborne 08.24.16: Northrop Grumman T-X, Refurbished F-14A, Helo Cash Drop

Also: Mini-Drone, Avilution, Narita Tower, US/Mexico Av-Agreement, UK Helipads Too Small, FAA Employee Busted, Proba-3 If it was a secret, it isn’t now, as a few images of No>[...]

Airborne 08.23.16: Santa Monica Fights On, ISS Readies, ICAO Flight Plans

Also: ANN Is Hiring!, Aero-Calendar, UAV v Helo, AIA Briefs Clinton, First LM-100J, Teamsters, Smalltrack A resolution has been considered by the Santa Monica City Council would ma>[...]

Airborne 08.24.16: Northrop Grumman T-X, Refurbished F-14A, Helo Cash Drop

Also: Mini-Drone, Avilution, Narita Tower, US/Mexico Av-Agreement, UK Helipads Too Small, FAA Employee Busted, Proba-3 If it was a secret, it isn’t now, as a few images of No>[...]

AD: Rolls-Royce Deutschland Ltd & Co KG Turbofan Engines

AD NUMBER: 2016-17-01 PRODUCT: All Rolls-Royce Deutschland Ltd & Co KG (RRD) Tay 650-15 and Tay 651-54 turbofan engines.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC