Advertisement

Western Union Corp. reported a net loss...

Share

Western Union Corp. reported a net loss for the quarter ended Sept. 30 of $6.4 million, compared to a net loss of $15.5 million in the third quarter of 1984. Robert S. Leventhal, chairman and chief executive, said: “A significant part of the third-quarter loss--estimated to be about $5 million--was due to the adverse impact of the nationwide strike by the United Telegraph Workers union in July and August. The new labor agreement reached at the conclusion of the UTW strike will permit us to realize the benefits of improved productivity and lower operating costs during the next two years. The ongoing strike by the Communications Workers of America . . . is not expected to have any material impact on the company’s operations.”

For detailed data and results of other companies, please see accompanying tables.

Advertisement