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Frontier Airlines Asks Employees To Take Pay Cut

Airline In Bankruptcy

POSTED: 10:53 am MDT May 15, 2008
UPDATED: 11:33 am MDT May 15, 2008

Frontier Airlines plans to cut pay and other benefits for most of its 6,000 workers as it looks to cut costs and secure financing to emerge from bankruptcy.

According to published reports, the cuts are temporary. The concessions would last through September.

Frontier filed for Chapter 11 bankruptcy protection last month.

It has reportedly come to concession agreements with its pilot and dispatchers unions.

The unions must ratify the agreements for the changes to take hold.

Nonunion employees will see similar cuts as well.

The Teamsters Union is opposing a golden parachute benefit that Frontier Airlines wants to set up as it reorganizes under bankruptcy protection.

The union said Frontier has proposed a severance plan that would leave workers with little or no salary if the company fails, but the union says executives would get up to six months' pay under the same conditions.

Despite the bankruptcy filing, Frontier is moving forward. The airline showed off its new "Colorado" plane this week. It has the governor's signature on the side and the state animal of Colorado, the Rocky Mountain bighorn sheep, on its tail.

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