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Continental Airlines reaches approval by unions representing its employees

New York, Usa - In order to save USD 500m a year

Continental Airlines announced it received approval by unions representing several categories of employees to cut wage and benefit for a value of USD 500m, resulting in annual cost savings. The carrier said the deal would have effect starting at the end of March; Continental Airlines warned the workers that if a cost cut deal would not have been reached by February, 28, the company risked running out...

AVIONEWS - World Aeronautical Press Agency - 115344

AVIONEWS - World Aeronautical Press Agency
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