Regional carrier Pinnacle Airlines is proposing significant cuts to pilot wages and benefits and giving them less than a month to reach an agreement under a new concessions package that expands the airlineâ€™s cost cutting some 77%. Pinnacle will be asking all of its employees to agree to wage reductions, according to an Aug. 16 letter to employees that it also filed with the U.S. Securities and Exchange Commission. Non-unionized employees would face a 6 percent cut. Other terms ...
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