United Airlines Launches New Employee Exit Agreements With Payroll And Memos

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In this news, we discuss the United Airlines Launches New Employee Exit Agreements With Payroll And Memos

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CHICAGO (Reuters) – United Airlines has offered its employees new deals with wages and health benefits to leave the company or retire, according to a note seen by Reuters, as part of a move to reduce workforce and cut costs as it waits for a pandemic rebound to hit travel demand.

Asked about the offer, a United spokesperson said: “Given the continued and short-term variations in travel demand, we will be looking for new ways to give our employees flexibility by introducing voluntary options that help reduce costs and can reduce the number of holidays. of recalled employees.

On Wednesday, the Chicago-based airline announced plans to cut roughly $ 2 billion in annual costs through 2023.

Reporting by Tracy Rucinski; Edited by Chizu Nomiyama

Original © Thomson Reuters

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