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United Airlines Offers Flight Attendants Buyouts Worth up to $100,000

TheStreet Staff
9/21/14 1:00 PM EDT
United Airlines is cutting costs by offering an 'early out' program in seniority order to those who meet certain qualifications. The buyout package is worth up to $100,000 and United hopes for about 2,000 flight attendants to say yes and walk away. The airline predicts this early-exit plan will help in reaching a contract agreement with the Flight Attendants union. It can also reduce or avoid layoffs if enough attendants leave voluntarily and remove more expensive, senior employees from the payroll, which means more money in the bank for United. United Airlines spokeswoman, Megan McCarthy says, 'The cost is less to have a flight attendant with less experience versus one that has more.' United will be providing these buyout packages over the next two years.
Stock quotes in this video: UAL

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