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JAL employees might accept pension cuts

Tokyo, Japan - Needed to avoid Bankruptcy

5,700 JAL-Japan Airlines retirees would agree to the pension cut suggested by the carrier to avoid the risk of bankruptcy (see AVIONEWS), the airline said yesterday, even if it is not clear whether it has the numbers to adopt the measure. To implement the scheduled reduction by 40% of the pensions, in fact, a positive response by two thirds of the 8,800 retirees and 17,000 workers of the airline...

AVIONEWS - World Aeronautical Press Agency - 1112577

AVIONEWS - World Aeronautical Press Agency
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