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Old 10-10-2002, 06:54 AM   #1
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Clock ticking at United and no deal with unions

Clock ticking at United and no deal with unions

Quote:
CHICAGO, Oct 9 (Reuters) - It's autumn, the time when United Airlines said it might file for bankruptcy, but despite a labor offer of $1 billion a year in cost cuts, management and unions still have not struck a deal that will keep the giant airline out of court.

The clock is ticking toward a Nov. 17 debt payment United must make, and much work must be done between now and then to keep the carrier out of courts, said people familiar with the situation. A bigger payment is due in December.
Not looking too bright for UAL.
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