United Talks with Mechanics

Officials of United Airlines and its mechanics union are meeting behind closed doors today. They're trying to find a way to keep the nation's number 2 air carrier, and Colorado's largest airline, out of bankruptcy. Last week, the mechanics rejected a proposed package of wage and benefit cuts that United says are necessary if it is to land a $1.8 billion federal loan guarantee to keep it out of bankruptcy.
United spokesman Jeff Green confirmed the meeting but said the
airline would not discuss any aspects of the talks, including their
location or duration. He said he didn't anticipate any announcement
United is seeking $5.2 billion in company-wide labor cuts over 5 and a half years.