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Usair: More Woes


In Business This Week: CLOSING BELL

USAIR: MORE WOES

It looked so good. In July, after three years of losses, USAir reported second-quarter earnings of $112.9 million. It was set to cut $2.5 billion in labor costs over five years under tentative agreements with its unions. But on July 28, after 18 months of talks, the deal collapsed, sending the stock down 15%. USAir said its effort to hammer out simultaneous pacts was too ambitious. It now will have to bargain with unions separately when contracts expire over the next 17 months. EDITED BY KEITH H. HAMMONDS


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