Pension Cuts Brought Before Judge

[UAL_TECH]

What about this idea?

Airline Employees Retirement Board

Take Care,
B) UT

 

[atabuy]

For those who thought different:

The oil man in the jump seat
:down: UT

[post="186260"][/post]​

UT,
You should have added the rest of that paragraph.

While this does make things tricky, it is disingenuous for airline managers to pin all the blame on an antique labour-relations law. After all, successful carriers such as Southwest Airlines are also governed by the law, and yet have good relations with their employees.

This has a little compasion to GW her.
If you don't see what's wrong, you can't fix it.

 

[atabuy]

What about this idea?

Airline Employees Retirement Board

Take Care,
B) UT

[post="187288"][/post]​

/quote]
UT,
Another fine article which really explains the whole pension issue. Emanuel really did a great job in discribing the issue.
I wish I could be half as good getting the message across.

 

[UAL_TECH]

In case this is missed, we 'all' should see this:

Senate Hearing on Financial Situation of Airlines

Sen. John McCain (R-AZ) chairs a Senate Transportation Cmte. hearing on the impact of federal bankruptcy and pension legislation on the decisions made by airlines in dealing with deteriorating financial conditions, specifically underfunded pension plans. Witness: David Walker, Comptroller General of the U.S.; Bradley Belt, Exec. Director, Pension Benefit Guarantee Corporation; Robert Crandall, fmr. head of American Airlines; Duane Woerth, Pres. Air Line Pilots Assn.
10/7/2004: WASHINGTON, DC: 2 hr.

UT

 

[kcabpilot]

From Glenn Tilton:

“So long as we have to fall under the scope of the Railway Labour Act of 1926,â€￾ he said, “Chapter 11 is the only way to gain leverage with the unions.â€￾

so, is that the REAL reason we went into BK?

 

[casual rat]

Yep!