Breaking News, World News and Taiwan News.

JAL may reduce pension cuts for approval: Nikkei

Japan Airlines Corp. may reduce a proposed cut in pensions to 30 percent from about 50 percent to gain approval from retirees, the Nikkei newspaper said, without saying where it obtained the information.

The airline aims to present its plan for trimming benefits within this year, the paper said. JAL will probably suggest its current employees take a 50 percent cut in pension payouts, the report said.

JAL's pensioners have pledged to reject any proposal that would cut payments by more than 50 percent, according to a Web site run by the Committee to Consider the Revision of JAL's Pension Scheme. More than a third of retirees would vote down such a plan, enough to derail it, according to the Web site.

Subscribe to The China Post and save 25%. Click here
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Sponsors
Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search