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US Airways Group received some vital financial support Thursday when a bankruptcy judge cleared the way for the airline to cancel its labor agreement with its mechanics, a move that would buy the company time to complete its reorganization. The deal, if accepted by members of the International Association of Machinists and Aerospace Workers, would give the company about $300 million in pay and benefit givebacks and allow the struggling carrier to outsource much of its maintenance work.
January 10, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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