United May Cut 30% of Management and Pilot Positions, Says Report

When United Airlines Holdings (NASDAQ: UAL) accepted $5 billion of federal aid through the CARES Act, it committed to not have any involuntary furloughs or salary rate cuts for U.S. employees through Sept. 30, 2020. The company is now making plans for employee level reductions after the deadline passes in October, according to a Reuters report.

Source Fool.com