Midwest Air to cut some pay, CEO's included

July 3, 2008 at 1:27AM

Midwest Air Group Inc. is cutting pay for many employees, including Chief Executive Officer Tim Hoeksema, who announced Wednesday that he would take a 40 percent pay cut. The airline must make changes as it continues to try to absorb rising costs, such as fuel, Hoeksema told employees in a memo. The Milwaukee-based company plans to ask unions for pilots and flight attendants to approve pay cuts that would bring their salaries in line with others in the industry. Midwest spokesman Mike Brophy said the company was not disclosing the cuts it was seeking, citing ongoing negotiations with unions.

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