Pilots&#39; Union at United Makes Pension Deal
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The union that represents pilots at United Airlines said yesterday that it had struck a deal that would allow the airline to terminate the pilots&#39; ailing pension plan and partly compensate them for the loss.
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CHICAGO -- The government is moving to take over responsibility for the pensions of United Airlines pilots. The Pension Benefit Guaranty Corp.
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US Airways&#39; pilots union ratified a new labor contract Thursday that the airline says is a critical step to a successful emergence from bankruptcy, with pilots accepting
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The leaders of United Airlines pilots union have agreed to accept a 15 percent pay cut and not oppose the elimination of their pension plan, setting a precedent
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Delta Air Lines&#39; pilot union has agreed to negotiate the early retirement issue that the company says could lead it into bankruptcy if it is not settled by the end of this month.
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United Airlines will have its pension scheme for pilots underwritten by the US agency created in 1974 to protect workers&#39; retirement rights.
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CHICAGO - United Airlines&#39; workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan - plus further steep reductions in pay and other benefits.
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Union leaders representing pilots at American Eagle, the commuter division of American Airlines, have accepted a tentative contract agreement that includes pay raises.
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The government moved to take over the pension fund for United Airlines' pilots, a step to prevent the airline from exploiting the federal pension-insurance program.
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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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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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CHARLOTTE, N.C. - US Airways and its pilots union agreed on a new labor contract Friday, a week after the company asked a bankruptcy judge to impose pay cuts, the airline said...
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The union representing US Airways&#39; (USAIRQ.OB:OTC-BB - news - research) passenger service employees said it has reached a tentative labor agreement with the bankrupt carrier.
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United Airlines' creditors have joined the federal government in opposing a deal in which United would terminate its pilots' pension plan.
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United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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The union representing the pilots at  UAL Corp. UALAQ.OB, parent of bankrupt United Airlines, on  Thursday said its members had ratified a contract agreement  with the airline.
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A judge said that a contract between United Airlines and its pilots' union forced other unions to join the pilots in letting United terminate their pension plans.