Airline Financing Proposal Is Faulted by Union Leader
A union leader has called the new business plan of United Airlines unworkable. Robert Roach Jr., vice president for transportation at the International Machinists and Aerospace Workers, claims that the union will not readily accept the termination of United's four employee pension plans called for under the new plan. United is seeking another $725 million in cuts from its unions, and asking a federal bankruptcy judge for permission to terminate employee pension plans.
See "Airline Financing Proposal Is Faulted by Union Leader", Micheline Maynard, The New York Times, December 21, 2004