UNITED AIR LINES TO LAY OFF 950 PILOTS

I expect to see a lot more of this sort of thing occurring as the
economy worsens:


http://www.chicagotribune.com/travel/chicago-united-pilot-memo-june23,0,81993.story
    Today we announced initial details concerning the first wave of
    pilot furloughs resulting from our plans to take 100 aircraft from
    our mainline fleet due to record high oil prices and a softening
    U.S. economy. The first notices to furlough approximately 100
    pilots for the flying month of September will be issued in
    mid-July.
    
    By the end of 2009, when we expect to complete the full reduction
    of our 94 B737 aircraft and six B747s (see June 4 NewsReal), we
    anticipate the need to furlough approximately 950 active pilots.
    This process is one of the difficult but necessary steps we need
    to take to size our business appropriately to reflect the current
    market reality....