United launches new employee exit deals with pay, memo shows

United has offered employees fresh deals with pay and health benefits to leave the company, according to a memo seen by Reuters, part of a drive to reduce headcount and cut costs as it awaits a rebound in pandemic-hit travel demand. United said on Wednesday that it planned to offer voluntary leave options for employees as part of an effort to cut about $2b of annual costs through 2023, but did not provide details. Asked about the offering, a United spokeswoman said: “Given the continued, near-term variations in travel demand, we’ll look for new ways to give our employees flexibility by introducing voluntary options that help reduce costs and may reduce the number of furloughs of recalled employees.” United offered a series of voluntary exit packages for frontline employees last year but they did not include pay.<br/>