Agreement Between UAL & Machinists

Maynard, M. (2002, November 21). United and machinists reach deal on concessions. New York Times Online. Retrieved from the Internet on 2002-11-21 at: http:// www.nytimes.com/2002/11/21/business/21AIR.html?

Section One: Economic Concept Discussed in Article

This article reports on the tentative agreement reached between UAL Corporation (whose primary operating company is United Airlines) an the International Association of Machinists, which represents 37,500 employees at United Airlines, and which holds a large proportion of the equity stock in UAL Corporation. The company has been negotiating with each of its employee groups to gain payroll concessions to reduce the costs of operation so that (hopefully) the company will qualify for a fede

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Category: Economics - A