ADVISORY/Experts Available To Discuss Judge Order for Pay Cut for United Airlines Machinists.Business Editors ADVISORY... --(BUSINESS WIRE)--Jan. 10, 2003 TOPIC: A judge ordered a temporary pay cut of 13 percent for unionized machinists at United Airlines to provide the airline with more time to negotiate broad concessions from its unionized work force, according to an article by Reuters. Since United Airlines filed for bankruptcy on Dec. 9, four of five unions agreed to temporary pay cuts so the airline could meet financing requirements by lenders. The International Association of Machinists, which represents approximately 37,000 workers, argued that United did not demonstrate why pay cuts were needed this soon. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: David M. Levine, of Tew Cardenas, represented a wide range of clients in major and complex loan and business workouts, business and bankruptcy reorganizations and Securities and Exchange Commission enforcement proceedings. His clients have included creditors, committees of creditors, including banks and other lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , equity receivers, trustees, debtors and acquiring entities. Mr. Levine has been lead insolvency insolvency Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet counsel for committees of creditors, creditors, Chapter 11 debtors and bankruptcy trustees in many major cases, Mr. Levin lev·in n. Archaic Lightning. [Middle English levene, levin; see leuk- in Indo-European roots.] can also comment on airline bankruptcy. PR: Todd Templin, 954-370-8999, ttemplin@boardroompr.com Professor Nancy Johnson Nancy Lee Johnson (born January 5 1935, Chicago, Illinois) is an American politician. Johnson was a Republican member of the United States House of Representatives from 1983 to 2007, representing first the 6th district and later the 5th District of Connecticut following the , of the University of Kentucky The University of Kentucky, also referred to as UK, is a public, co-educational university located in Lexington, Kentucky. , School of Management Gatton College of Business & Economics, is an expert regarding issues such as the U.S. airline industry, industrial relations industrial relations pl.n. Relations between the management of an industrial enterprise and its employees. industrial relations Noun, pl the relations between management and workers and human resource management. 606-257-2976, 606-257-9000 (University PR Phone) Professor B. Starr McMullen, of Oregon State University Oregon State University, at Corvallis; land-grant and state supported; coeducational; chartered 1858 as Corvallis College, opened 1865. In 1868 it was designated Oregon's land-grant agricultural college and was taken over completely by the state in 1885. - Department of Economics, is an expert on airline economics. 541-737-1480 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/ifmd/index.html. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion