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United Airlines warns of massive layoffs without federal aid

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United Airlines warns of massive layoffs without federal aidLeaders of United Airlines and its labor unions are raising the threat of massive layoffs if Washington doesn’t provide “sufficient” help to the airline industry by the end of this month. The airline’s CEO, Oscar Munoz, its president and four union officials said Friday that without federal help this month, “our company will begin to take the necessary steps to reduce our payroll” to match a 60% reduction in flying planned for April. As an alternative, the airline is considering slashing pay, or a combination of job and pay cuts.

Source: yahoo.com/news