- United Airlines (UAL) has announced it will outsource 637 union jobs (mostly ticket/gate agent and baggage handler positions) at 12 U.S. airports. The company is trying to cut costs in every area it can, after reporting a first-quarter loss in April due to declining revenue and increased costs.
- "This is a difficult decision, but we need to ensure that our costs are competitive," says United spokeswoman Christen David.
- Under the outsourcing plan, United Airlines will shift these jobs from its payroll, and hire other companies to provide the employees.
From other sites
Video at CNBC.com (May 18, 2015)
at CNBC.com (Mar 13, 2015)
Video at CNBC.com (Mar 2, 2015)
Video at CNBC.com (Feb 25, 2015)
at CNBC.com (Feb 6, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs