United Airlines In Court - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

United Airlines In Court

United back in court

United Airlines is heading for a courtroom showdown this morning with its labor unions. They're fighting over the bankrupt airline's attempt to slash costs by dumping its employee pension plan onto the government's pension insurer, the Pension Benefit Guaranty Corporation. If a federal bankruptcy judge agrees, it would be the biggest pension default in history. United workers would lose about a-quarter of their total pensions, which are already underfunded by nearly ten billion dollars. Employees have already agreed to sharp pay cuts and are threatening to strike over the pension issue. United's flight attendants union says management ought to be fired.

Powered by Frankly