US Airways, Pilots Agree on Concessions
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From Bloomberg News
US Airways Group Inc., operating under bankruptcy protection, and its pilots agreed on about $300 million in pay and benefit reductions the airline said it needed to help avoid liquidating.
The tentative deal with the 3,200 pilots may lead unions representing about 20,600 more workers to reach cost-cutting accords. Negotiations are underway with flight attendants and customer-service and reservation agents and are set next week with the machinists union.
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