USAIR'S EMPLOYEES HAVE proved doggedly unwilling to make the wage concessions that would shore up their troubled carrier. Would they accept substantially lower paychecks for a new owner? They'll need to if United Airlines is to make an offer to acquire USAir, says UAL Chairman Gerald Greenwald. United employees took pay cuts averaging 15% last year; he likely would demand at least that much from USAir workers. Greenwald told analysts on Nov. 7 that no final decision has been made about making an offer--but UAL executives have promised they will fish or cut bait by mid-November.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE