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Updated Monday, November 23, 2009 11:13 am TWN, Bloomberg JAL may reduce pension cuts for approval: NikkeiThe 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 |
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