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United Airlines to cut 16,370 workers, many more going without pay
CHICAGO (Reuters) – United Airlines (UAL.O) said on Wednesday it is preparing to furlough 16,370 workers when federal aid expires on Oct. 1 as the coronavirus pandemic continues to devastate the airline industry, though one union said many more people will be without pay. United’s cuts include 6,920 flight attendants, but the union representing them […]
U.S. Senator Schumer wants at least $750 bln to combat coronavirus, help economy
WASHINGTON (Reuters) – U.S. Senate Democratic leader Chuck Schumer will propose legislation totaling at least $750 billion to combat the coronavirus outbreak and help the economy, his office said in a statement on Monday. He will present the package as early as Tuesday, the statement said. The plan would be in addition to an $8.3 […]
Siemens Gamesa boosting risk management to fend off project delays: CEO
By Isla Binnie MADRID (Reuters) – Wind turbine maker Siemens Gamesa is acting fast to manage risks on its projects around the world to avoid a repeat of the delays that dragged it to a loss at the beginning of this year, Chief Executive Marcus Tacke said on Tuesday. “We do not take this setback […]