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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (22704)	2/2/2005 4:34:54 PM
From: RealMuLan	Read Replies (1) of 116555

United's DB Plans Safe, for Now Two unions agree to reductions in pay, and temporary cuts are imposed on another, but the airline and its four largest unions will deal with the defined-benefits issue at a later date. Stephen Taub, CFO.com February 02, 2005 United Airlines' pilots and flight attendants will take pay cuts to help the airline emerge from bankruptcy. The pilots agreed to a 12 percent cut in pay, and the flight attendants, to a 9.5 percent reduction, as part of a five-year plan approved by the bankruptcy court late Monday, according to Bloomberg. The mechanics' union, which rejected a pay-reduction offer, was forced by Judge Eugene Wedoff to take a temporary 10 percent cut. cfo.com

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