Killing off employee benefits, one bankruptcy at a time

bankruptcy... it's not just for saving the company... it's for getting rid of anything that might possibly be construed as benefitting the employees... they don't HAVE to kill off the union... they just kill off whatever gains the union made on the employees' behalf... what a terrific business strategy...! and the courts just go right along with it...

A US bankruptcy court on Tuesday allowed Delta Air Lines to terminate its pilots' defined benefit pension plan, clearing a major hurdle in its restructuring plans.

The airline must now seek the approval of the Pension Benefit Guaranty Corporation (PBGC), the federal pension insurer, to end the plan that covers more than 13,000 active and retired Delta pilots and their beneficiaries.

Delta said no timetable had been set for getting the approval of the pension insurer, but said it wants to end the plan effective September 2.

i don't have the words to express my disgust...

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