UPS says it won't furlough any of its pilots for at least 10 months. The announcement comes after a pilots union reached a deal with the world's largest shipping carrier that includes more than two-thirds of the cost cuts the company wanted. The Atlanta-based company says the Independent Pilots Association has identified savings totaling roughly $90 million over three years. The savings come from pilots taking leaves of absence, military leaves, job sharing, reductions in flight pay guarantees, early retirement, and sick bank contributions. UPS wanted $131 million in pilot savings over the next three years to avoid idling roughly 300 pilots.
(Associated Press)
(Associated Press)
