United Airlines Says Pension Changes 'Likely'
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Cash-strapped United Airlines said in a bankruptcy court filing Thursday that it "likely" will be necessary to terminate and replace its employee pension plans.
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CHICAGO, Jan. 8 -- United Airlines reached a tentative contract agreement with its flight attendants union Saturday, but the deal did not address the employee pension plans that have become a key point of contention.
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CHICAGO - Cash-strapped United Airlines said in a bankruptcy court filing Thursday that it "likely" will be necessary to terminate and replace its employee pension plans.    The carrier cited the size of further cost cuts and the need to find bankruptcy-exit financing as reasons for such a drastic move...
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As United Airlines faces the possibility of ending its pension plan, thousands of employees and retirees face futures as uncertain as the survival of the world&#39;s second-largest airline.
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UAL Corp.'s United Airlines, trying to attract financing to exit bankruptcy, said it probably will terminate and replace all its pension plans.
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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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United Airlines, trying to restructure after nearly two years in bankruptcy protection, told its unions last night that it wanted to terminate its four pension plans and seek additional
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Continental Airlines Inc. and Northwest Airlines Corp. pilots might offer to revamp their pensions after a United Airlines threat to terminate its pension plans to save money sparked worker fears that a trend might be starting.
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CHICAGO : The judge overseeing United Airlines&#39; bankruptcy case struck a controversial pension-related brief from the record, in the latest development in the row over United&#39;s underfunded pension plans.
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CHICAGO - United Airlines would be within its rights to terminate its employee pension plans but hasn't yet decided to do so, an attorney for the carrier said Friday, as two unions urged a judge to block a financing plan they say is predicated on the airline halting fund contributions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to end those pension funds in order to secure the loans it needs to get out of bankruptcy...
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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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UAL Corp.&#39;s United Airlines told a bankruptcy court Thursday it will likely scrap its employee pension plans, which drew more rebukes from its labor unions.
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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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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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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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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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The government&#39;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