US Airways Machinists Getting the Shaft

After filing for bankruptcy protection back in September, US Airways is taking steps to cut costs. Unfortunately for the Machinists of US Airways, this could mean up to 35 percent pay cuts and thousands of job losses. Judge Stephen Mitchell ruled that US Airways is allowed to terminate pension plans and reject union contracts. The judge said that his decision was, "which is worse that half of the mechanics lose their jobs or all of the mechanics lose their jobs? The ultimate question is whether there are going to be any jobs left at the end of the day." According to a "The machinists union is the only employee group that has not agreed on a new cost-savings plan. " A request to terminate flight attendant pension plans was also approved by Mitchell. Chris is a staff writer for latest ebusiness news