Here it comes... More bankruptcy as a business strategy... Pension-dumping...
we wanna do what united did... aw, c'mon... they did it, why can't WE...? aw, c'mon... ple-e-e-ase...!
dumping the pension plans was the idea from the get-go... Submit To Propeller
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Delta Air Lines and Northwest Airlines want Congress to grant them pension relief, but experts believe the bankrupt carriers instead might try to terminate their plans even if given more time to fund them.
Scrapping the plans would affect as many as 180,000 people.
The airlines say they still want the legislative fix they sought months before filing bankruptcy petitions in mid-September. Enormous cost pressures and recent steps by other bankrupt rivals, however, may provide a rationale for the companies to seek court permission to drop their plans and save billions.
dumping the pension plans was the idea from the get-go... Submit To Propeller
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posted by profmarcus at
10/27/2005
