Airline launches new employee exit deals with pay

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Chicago

United Airlines has offered employees fresh deals with pay and health benefits to leave the company or retire, according to a memo seen by Reuters, part of a drive to reduce headcount and cut costs as it awaits a rebound in pandemic-hit travel demand.
Asked about the offering, a United spokeswoman said: “Given the continued, near-term variations in travel demand, we’ll look for new ways to give our employees flexibility by introducing voluntary options that help reduce costs and may reduce the number of furloughs of recalled employees.” The Chicago-based airline said it aimed to cut about $2 billion of annual costs through 2023.
United has the greatest exposure of major U.S. airlines to international travel, the sector hardest hit by the pandemic and the one likely to be the slowest to recover.— Reuters

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