What was the consequence of United Airlines' announcement regarding worker reductions?
Mnuchin: United Is in Compliance on Relief Law Despite Planned Layoffs
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The transcript discusses the Cares Act, which prohibits carriers receiving payroll grants from involuntary furloughs or pay reductions until September 30, 2020. United Airlines received $4.9 billion but announced a reduction of 28,000 workers to part-time. The discussion questions if this action violated the program's terms, concluding that United Airlines is currently in compliance.
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What is the current belief regarding United Airlines' compliance with the payroll support program?
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