United Likely to Terminate Pension Plans
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Cash-strapped United Airlines said in a bankruptcy court filing today that it "likely" will be necessary to terminate and replace its employee pension plans.
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A federal agency that insures pensions said yesterday that it will take over retirement plans for active and retired pilots at United Airlines, saving the nation&#39;s second-largest carrier
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Manchester United striker Ole Gunnar Solskjaer is set to announce his retirement from football, according to The Sun newspaper.
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CHICAGO: The agency that guarantees US corporate pension plans lashed out at United Airlines over an agreement with its pilots&#39; union that would allow the carrier to dump one of its employee pension funds with the union&#39;s blessing.
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Sir Alex Ferguson warned Wes Brown yesterday that his Manchester United career could be over when his contract runs out in June next year if the England international continues to refuse to sign the new deal on offer.
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United Airlines, which has said it  plans to miss nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will be  necessary to cancel and replace all of its pension plans.
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Pilots at United Airlines face a 15 percent pay cut, their second double-digit wage reduction in two years, and will not further resist the company&#39;s elimination of traditional pensions under a tentative contract agreement made public Friday.
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US Airways faces a &quot;high probability&quot; of liquidation by mid-February if the temporary pay cuts it requested are not approved by the US Bankruptcy Court.
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The airline's plan to emerge from bankruptcy may include canceling its pension plans.
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US Airways Group Inc. has warned a bankruptcy court that it is considering whether to freeze or terminate two pension plans covering nearly 25,000 participants, The Wall Street Journal reports.
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nited Airlines said yesterday that it would most likely terminate its four employee pension plans and replace them with less generous benefits, a drastic move that United said was needed to attract the ...
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United Airlines said termination and replacement of all of its pension plans &quot;likely will be required&quot; for the company to exit bankruptcy and attract financing.
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The ailing airline may end all of its pension plans, creating the biggest default in US history.
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The head of United Airlines parent UAL  Corp. said on Thursday the airline's restructuring plan would  lead to a significant number of job losses, but it was not yet  clear how many.
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The government's pension guarantee agency said yesterday that it will seek immediate termination of the pension plan of the pilots of United Airlines, a move the agency estimated would save it $140 million over the timetable proposed by the carrier and its pilots.
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nited Airlines said today that it was likely to terminate and replace its four employee pension plans with less-generous benefits, a drastic move that the airline said was necessary to attract the financing that would allow it to ...
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The head of UAL Corp.'s United  Airlines on Thursday said the airline's restructuring plan  would lead to a significant number of job losses, but it was  not yet clear how many.