United aims for another $500 million in cuts

Saturday, September 18, 2004

CHICAGO -- Struggling to put together a new bankruptcy plan, United Airlines said Friday it is in talks with its unions about the need for an additional $500 million in cost cuts. The cuts would come on top of $655 million in yearly cost savings the company identified two weeks ago and $2.5 billion in wage and benefit cuts it made a year ago. They also would be separate from a tentative plan to end employee pension plans, which would save $4.1 billion in payments due over the next five years.

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