Word: walkout
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...main ingredient in most price increases, will stay low as employers continue to cut labor costs. However, Donald Ratajczak, director of economic forecasting at Georgia State University, noted growing signs of labor unrest. "The American Airlines strike may have been a watershed," he said, referring to the Thanksgiving-week walkout by flight attendants, which ended when Clinton prodded the company to seek binding arbitration. "This is the beginning of intensifying wage pressures, or at least demands for retribution in the labor markets...
Strike: Clinton intervenes to stop an airline walkout...
...tell Emmett Koen about the chaos theory of air travel. He and thousands of other flyers lived it last week when American Airlines flight attendants staged the largest U.S. airline strike in nearly five years, a walkout that threatened to paralyze the nation's largest airline and ruin many a traveler's Thanksgiving holiday...
...walkout, scheduled to end next Sunday, signals the latest problem for an industry struggling to pull out of a three-year nose dive (total losses: $10 billion). Just as some big carriers -- American, Delta Air Lines and Continental Airlines among them -- have begun to post modest earnings, the long-quiescent airline unions have started voicing their demands. Workers who feel underpaid and overworked are asking for their share of the emerging profits. Management's response: continued cost cutting. "No question about it," says Morgan Stanley airline analyst Kevin Murphy, "1994 will be the year of labor turmoil...
...walkout had been costing the airlinebetween $10 million and $25 million per day,according to industry estimates...