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United wants out
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| United Airlines told a federal bankruptcy court it likely would have to terminate its employee pension plans and replace them with leaner retirement benefits in order to survive. |
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Aug 20, 2004 11:07:01 |
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0 | | Author | Rocky Mountain News |
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| Similar news: | - United's pensions at risk - CHICAGO United Airlines said it likely will have to terminate its employee pension funds to secure loans it needs to get out of bankruptcy.
- United 'likely' to end pensions - For the first time, United Airlines has acknowledged that it is "likely" to terminate its pension plans, a move the carrier said it needs to attract financing to emerge from bankruptcy.
- United to Cut U.S. Flights - UAL Corp., the bankruptparent of United Airlines, on Wednesday said it would reduceU.S. flights and increase capacity on more lucrativeinternational routes, in keeping with its aggressivecost-cutting efforts.
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