US - Pilots at United Airlines have hit out at last week's decision by the Pension Benefit Guaranty Corporation (PBGC) to end the company's pension plan for pilots. The Air Line Pilots Association (ALPA) said they would "vigourously oppose" any effort by the PBGC to take over the plan before May 1, 2005 and accused the PBGC of singling out the pilot group for "punitive" and "vindictive" treatment.
Last week, the PBGC announced that it would assume responsibility for the pensions of more than 14,000 active and retired pilots at United, stating that the move would save them around US$140m in a...
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