Alaska, Unions Talk About Wage Cuts
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From Associated Press
Alaska Airlines has opened talks with representatives of five unions to discuss possible wage cuts as the West Coast regional carrier tries to slash costs and regain profitability.
The company wants to reduce expenses by about 15%, excluding fuel costs, by 2005, Vice President Louis G. Cancelmi said.
Alaska would not specify what concessions it might seek from unions representing about 8,500 employees.
Alaska Airlines is a subsidiary of Alaska Air Group of Seattle.
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