Business

United offers buy outs to 400 employees

Posted July 11, 2008 11:00 pm

Associated Press

United Airlines offers buy outs to 400 customer service and ramp employees.

United Airlines and its machists union, the International Association of Machinists, said Friday they have agreed to voluntary buy-outs for up to 400 customer service and ramp employees.

The offer is open to employees who are at leaset 45 years old and have at least 15 years of service as of Sept. 7, 2008, according to a release from the company. Employees who take the company up on the offer would be entitled to severance payments based on years of service and retiree travel benefits.

"As we move forward with our previously announced capacity reductions, this agreement with the IAM will assist us in mitigating the impact of involuntary furloughs on our IAM employees," said Scott Dolan, senior vice president/airport operations and cargo for United.

The company also will continue to look at ways to avoid employees furloughs as a result of capacity reductions with all unions representing its employees.

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