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JAL seeks 40% pension cut
Tokyo, Japan - The measure is necessary due to the difficult economic conditions of the carrier
JAL-Japan Airlines is seeking a solution to reduce its shortfall. One of the paths the carrier's management is following would to cut pensions by 40%, stating that it would otherwise risk bankruptcy or a controlled administration. "If we can't, the risks to our survival will increase -JAL president Haruka Nishimatsu explained- including the possibility of a court-led reorganisation". Reducing the...
AVIONEWS - World Aeronautical Press Agency - 1111713
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency