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USAirways Employees call for Executive Ousters



 
 
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Old December 17th, 2003, 05:49 PM
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Default USAirways Employees call for Executive Ousters

From the Washington Post

US Airways pilots called on the board of directors to remove the airline's
chief executive and chief financial officer, in a sign of mounting labor
tensions sparked by the company's renewed demand for cost cuts. The call to
oust chief executive David N. Siegel and Chief Financial Officer Neal Cohen
follows a similar demand from the machinists union last month after the
executives told employees additional concessions were needed for the airline
to compete against low-cost carriers such as Southwest, which are steadily
expanding in the Northeast, where US Airways Group Inc. is dominant.
Employees balked, saying they already agreed to more than $1.2 billion in
concessions during the airline's bankruptcy. The carrier emerged from seven
months of bankruptcy reorganization in March.


 




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