Pension Agency Wary of UAL Deal
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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 role of agents in multimillion-pound football transfer deals came under fresh scrutiny yesterday after Manchester United revealed payments of Â£11m to middle-men for their help in signing players.
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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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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Won&#39;t confirm reports of 6,000, or 10% of the airline&#39;s work force; may terminate pension plan. BRUSSELS, Belgium  - The head of UAL Corp.
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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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US Airways (UAIR) executives Tuesday held out hope of reaching a key money-saving deal with pilots, despite a major setback late Monday.
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The Pension Benefit Guaranty Corp. files to take over pensions for United's pilots. Sound good? Not so fast.
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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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The government's pension agency moved to assume responsibility yesterday for United Airlines pilots' pensions, acknowledging as unfortunate but inevitable the carrier's elimination of defined benefit plans for its employees.
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Job cuts at Airbus may be up for debate at a company board meeting, a union at the planemaker warns.
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Fears of chaos at airports including Heathrow, Gatwick and Glasgow receded last night after a potential settlement was reached in a row over pensions at BAA
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The national flight attendants union is opening the door to potential strikes as United Airlines parent UAL Corp. (UALAQ:OTC BB - news - research) scrambles to wrestle a round of critical wage concessions from its employees.
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CHICAGO The trustee firm representing employee pension funds at United Airlines wants the carrier to make up millions in skipped pension contributions before exiting bankruptcy.
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Standard & Poor's on Friday said ratings on about &#36;30 billion of aircraft-backed debt could be threatened if creditors lost a legal dispute with bankrupt UAL Corp.  unit United Airlines over the right to repossess aircraft.
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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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The U.S. pension agency on Thursday  said it had filed a motion in court asking for permission to  take over the retirement plans of pilots at bankrupt United  Airlines, which are underfunded by $2.9 billion.