Re: United Airlines’ plan to terminate its employees’ pension plans
generally, it means no more pensions are getting paid - it's something they could dissolve to become more profitable again. That's why it took bankrupcy court.
In this case, it sounds like they're gonna pay 3/4th of the pension -
Some people have noticed that airlines became unprofitable shortly after deregulation started, but hey, that's free enterprise, right? - We can't have the govt. regulating things like air travel - Free Market Capitalism, man!!! - (Until the next taxpayer funded bailout)
Chalk up another one for big business [censored] over several thousand retired employees.
RB
|