January 11, 2003 |
A U.S. bankruptcy judge Friday ordered temporary 13% pay cuts for United Airlines' unionized machinists, buying the airline more time to negotiate broad concessions from its entire unionized workforce. United, a unit of UAL Corp. and the world's second-largest airline, filed for bankruptcy protection Dec. 9. Since then, four of the carrier's five unions have agreed to temporary pay cuts to help the airline reorganize and meet specific financing requirements by lenders.
April 21, 1993 |
Government programs to retrain laid-off workers from defense firms and other industries help most participants find new jobs but often at lower wages than they had been earning, labor experts told a House panel Tuesday. Officials told the subcommittee on Labor-Management Relations of the House Committee on Education and Labor that workers who enter retraining programs do not fare significantly better in the job market than those who receive only job search assistance.
March 20, 1993 |
Despite passionate pleas that another sharp fee increase will close the University of California's doors to many students, an unusually divided UC Board of Regents voted Friday to raise fees by $995, or 33%, for next fall and to temporarily cut employees' pay by 5%. As a result, average fees for a UC undergraduate who is a California resident will be $4,039 in the 1993-94 school year.
February 1, 2005 |
UAL Corp. won court approval Monday for wage cuts for United Airlines' pilots and flight attendants worth $311 million annually, clearing a hurdle in its bid to exit bankruptcy protection. U.S. Bankruptcy Judge Eugene Wedoff also gave the No. 2 U.S. carrier permission to cut its mechanics' pay temporarily while negotiations continue for a permanent labor contract. The rulings move United a step closer to achieving $725 million in annual labor savings it says it needs to exit Chapter 11.
May 17, 1992 |
More than 25% of the 1,580 executives of California's largest public companies saw their cash compensation slashed in 1991, according to the Los Angeles Times' annual executive compensation survey. The pay cuts--406 in all--are attributable to a powerful combination of declining corporate earnings, increasing shareholder activism and legislative furor over runaway executive pay. The reductions ranged from relatively modest decreases to more than half of some executives' previous year's salaries.
CALIFORNIA | LOCAL
December 4, 2003 |
The Lynwood City Council on Wednesday night postponed a decision on whether to slash members' salaries by nearly half. The city's council members are among the highest paid part-time politicians in the state, and many community activists have called for pay cuts. For years, council members have had $804 monthly salaries that, by state law, can be raised only to reflect cost-of-living adjustments.
February 6, 2003 |
Delta Air Lines Inc. will reduce pay by 8% for most executives and by 10% for Chief Executive Leo Mullin and President Fred Reid on March 1, the company said in a memo to employees. Delta also may lower employee wages to stay competitive with pay at carriers that have filed for bankruptcy protection, Mullin said.
September 14, 1993 |
Wide receiver Henry Ellard of the Rams is probably in the final year of his football career, and he doesn't know it. Ellard, one of 33 players in NFL history to have caught more than 500 passes, will earn $850,000 this season. When the season ends, Ellard will become a free agent and, based on the recent off-season's payoffs to free agents with his credentials, he expects to become a millionaire. "No way," said an official from one NFL team. "Salary cap.
April 11, 2005 |
The last thing United Airlines wants -- a strike -- is looming over the carrier as it tries to emerge from 2 1/2 years in bankruptcy protection. Two unions -- representing United's 6,800 mechanics and 19,500 other ground workers -- are threatening to strike if the airline persuades a U.S. Bankruptcy Court judge to annul their contracts and impose another round of wage and benefit cuts. United plans to seek the court's help if it can't negotiate long-term concessions with the workers on its own.
CALIFORNIA | LOCAL
April 2, 2004 |
Gov. Arnold Schwarzenegger on Thursday turned up the pressure on the prison guards union to accept a pay cut, effectively inviting the Legislature to cut the $201.4-million raise that guards are scheduled to receive. Using a rather arcane bureaucratic procedure, Schwarzenegger notified the Legislature that he has changed the way employees' pay is displayed in the state budget.