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UAL Seals Wage Concessions From Its Nonunion Workers

CHICAGO -- United Airlines parent UAL Corp. said its salaried and management workers will contribute $1.3 billion in wage concessions and productivity improvements over five and a half years, joining pilots and flight attendants in an overall plan to shave $5.8 billion in labor costs. Assuming all employees participate, they would be given options equal to 52 million UAL shares, the company said.

The nation's No. 2 airline is racing to cut costs and boost revenues, conditions it set out in a business plan it hopes will find...