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Texas City Sun in Texas City, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Texas City Sun

Location

Texas City, Texas, United States of America

Date

Jan 28, 2001

Page

5

Layoffs Strain Austin Tech Sector Amid Economic Slump

Austin faces nearly 1,400 layoffs this month, with more than a dozen tech firms cutting about 1,200 jobs as Montgomery Ward plans 217 cuts and analysts say the downturn could ease labor shortages. Economists caution against calling it a trend as unemployment drops to 1.6 percent and firms seek talent.

Austin Montgomery Ward

Judge restrains UP strikers

A federal judge reaffirmed a temporary restraining order keeping Union Pacific engineers on the job after a strike began. A Feb 7 hearing was set on a preliminary injunction. The union says the changes in personal leave were imposed unilaterally and violated the Railway Labor Act.

Associated Press Omaha Neb Union Pacific USS Lyle Strom John Bromley Strom Brotherhood of Locomotive Engineers Edward Dubrowski Dubroski

Bankruptcy auction OK'd for Trans World Airlines

A federal bankruptcy judge approved American Airlines 200 million emergency financing for TWA and cleared the way for an auction of the airline. Continental Northwest and former owner Carl Icahn objected. bidding starts from 500 million plus debt, with a 75 million minimum over bid and a 65 million breakup fee if the deal fails. TWA could set an auction date before March 12.

Associated Press Wilmington Del American Airlines Trans World Airlines Inc U.S Sue L. Robinson Continental Northwest TWA Carl Icahn American William Compton

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