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To: TH who wrote (22553)	2/1/2005 12:55:48 AM
From: RealMuLan	Read Replies (3) \| Respond to of 116555

United gets OK from judge to cut workers' pay By Marilyn Adams, USA TODAY A bankruptcy judge Monday allowed United Airlines to impose an immediate temporary pay cut on its mechanics and approved negotiated cuts for pilots and flight attendants. The ruling in Chicago by Judge Eugene Wedoff is expected to save the struggling airline $60 million a month, but complicate its already strained labor relations. United's mechanics last week voted to reject a new round of pay cuts requested by the airline, and authorized a strike if United breaks their labor contract. In a hearing Monday, United received permission to cut mechanics' pay 9.8%, effective today, for four months while it negotiates further with the union, or prepares court arguments to break the contract unilaterally. United contends a strike by its mechanics would be illegal; the union's leadership disagrees. The union would exercise its right to strike "if United changes our contract against the membership's will," said union spokesman Richard Turk. He added that Wedoff's ruling Monday won't trigger a strike. United, which has been in bankruptcy reorganization for 26 months, has said it needs $725 million a year in additional labor cost cuts to satisfy its lenders and to attract loans to exit bankruptcy. Meanwhile, the pilots and flight attendants unions Monday said their members have ratified new contract concessions. About 75% of pilots voting approved an 11.8% pay cut. Just 56% of flight attendants who voted agreed to a 9.5% pay cut. Mark Bathurst, chairman of the Air Line Pilots Association, said pilots appreciate management's huge challenges in stemming losses, but expressed frustration. "We will be relentless and steadfast in holding management" accountable, he said in a taped message to pilots. When it sought bankruptcy protection in December 2002, United, the No. 2 airline after American, hoped to exit in 18 months. But in 2003, United and other airlines with large international networks were severely hurt by the U.S. invasion of Iraq and the SARS epidemic, which frightened away many international travelers. United's fuel bill last year ran more than $1 billion higher than planned, forcing the airline to cut costs again throughout the company. Even if United reaches an amicable cost-cutting deal with its mechanics, it still faces the complex and emotionally charged issue of employee pensions. United says that to exit bankruptcy, it must terminate its existing pension plans and replace them with less costly ones. Airline officials hope to exit bankruptcy protection this fall. usatoday.com

To: TH who wrote (22553)	2/1/2005 1:36:20 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Layoffs Du Jour 82, Boeing Co Employees said the mood was grim at Boeing Co. on Friday as 82 employees received formal notices that their last day of work in the Decatur plant will be March 31. decaturdaily.com 90....Yonkers hospital Yonkers hospital cuts 90 jobs The Journal News - Jan 29 1:55 AM YONKERS — St. John's Riverside Hospital has slashed 90 positions from it staff, its first job cuts in more than a decade as the hospital faces an expected decline in Medicare payments and the possibility of state Medicaid cuts. 5500....Celestica Celestica's latest job cuts reflect industrywide overcapacity, analysts Canadian Press via Yahoo! News - Jan 28 12:50 PM TORONTO (CP) - Celestica's latest restructuring, which will cut 5,500 more employees worldwide and trim over $;1 billion US from its bottom line in 2004 and 2005, has some analysts wondering if it will ever achieve acceptable profitability. 300....Mitsubichi Mitsubishi’s Layoffs Mean It Will Outsource Most Consumer Auto-Loan Services American International Automobile Dealers Association - Jan 31 1:57 AM Mitsubishi Motors Corp. said Friday that it will cut 300 jobs at its Cypress credit office -- one-third of its local work force -- as part of a restructuring plan that is the Japanese automaker’s second bailout in nine months. 30....Owens and Hurst. Lumber mill closes. Eureka, Montana. Doesn't sound like many until you learn the town's population is 1,000. 200....QuadraMed From the January 28, 2005 print edition Health Care QuadraMed cuts 200 jobs; Fairfax bullish on sector Neil Adler Staff Reporter To bolster its revenue and shrink its spending, QuadraMed has eliminated about 200 positions -- the latest downsizing by the Reston company, which once had more than 3,000 workers. 7...Money magazine MONEY MAG DROPS SEVEN FROM STAFF New York Post - Jan 30 10:03 PM There's more upheaval at Money magazine as new Managing Editor Eric Schurenberg continues to shed people who joined when Bob Safian was running the show.