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US Airways offers new profit sharing plan in exchange for labour concessions.

From: Airline Industry Information  |  Date: 8/9/2004

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

US Airways is to offer its employees a more attractive profit-sharing plan as it tries to secure further labour concessions in an attempt to avoid bankruptcy.

The airline is looking to save USD1.5bn by the end of the summer 2004 with half of that figure expected to come from labour concessions. ...

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