text: UAL Sets Salary Cuts; Aims for Savings  NEW YORK (Reuters) - UAL Corp. &lt;A HREF="http://www.investor.reuters.com/FullQuote.aspx?ticker=UALAQ.OB target=/stocks/quickinfo/fullquote"&gt;UALAQ.OB&lt;/A&gt; on Monday  announced new cuts in employees' salaries as the parent of  United Airlines looks to make \$112 million in annual savings  and emerge from bankruptcy protection.