Wednesday, May 11, 2005

Bankruptcy judge allows UAL to blow off pension plans.

GratisNet: "The judge in the United Airlines bankruptcy proceedings has ruled that the airline did not have to honor the pension plans it set up for its employees. Pension plans that were iniated by, among other things, concessions by the workforce in wage negotiations over the years. This turn of events is very troubling for wasn't it very recently that the republicans rammed through the congress a new bankrupcy law designed to make it more difficult for filers to blow off their obligations to pay their debts? Wait, that so-called deadbeat protection was for personal bankruptcies, it seems that republicans do not have a problem with deadbeat corporations. Absolutely disgusting."

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