|
|
Article: United Announces New Round of Layoffs, Works to Get Federal Loan Guarantee.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 22, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By John Schmeltzer, Chicago Tribune Knight Ridder/Tribune Business News
Oct. 22--Financially troubled United Airlines announced a new round of layoffs Monday as it continued putting the final touches on a business plan it hopes will lead to a $1.8 billion federal loan guarantee.
The world's second largest airline is laying off 1,250 workers by closing three reservation offices, shuttering a maintenance line and changing service to five cities. All the workers are members of the International Association of Machinists and Aerospace Workers, which until this past weekend had insisted that a plan to rescue the Elk Grove Township-based airline did not ...