160to4DME
20th Sep 2001, 01:27
null (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-19-2001/0001575218&EDATE=)
<< PHOENIX, Sept. 19 /PRNewswire/ -- Mesa Air Group, Inc. (Nasdaq: MESA),
today announced that effective immediately, the company has instituted a
10-percent pay reduction for the next 90 days. The Company also announced
that it will furlough more than 700 employees. The pay reductions will apply
to employees not employed under collective bargaining agreements and does not
apply to certain lower income employees. >>
And interestingly
<< The Company previously announced pay
reductions of 50% for Chief Executive Jonathan Ornstein and President Mike
Lotz and a 20% pay reduction for senior management. >>
<< PHOENIX, Sept. 19 /PRNewswire/ -- Mesa Air Group, Inc. (Nasdaq: MESA),
today announced that effective immediately, the company has instituted a
10-percent pay reduction for the next 90 days. The Company also announced
that it will furlough more than 700 employees. The pay reductions will apply
to employees not employed under collective bargaining agreements and does not
apply to certain lower income employees. >>
And interestingly
<< The Company previously announced pay
reductions of 50% for Chief Executive Jonathan Ornstein and President Mike
Lotz and a 20% pay reduction for senior management. >>