75

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JAL’s game of chicken

“Turbulent” wouldn’t properly describe the recent flight path of national flag carrier Japan Airlines, in a spiralling game of chicken with its retirees and unions over a $3.7 billion pension shortfall.
President Haruka Nishimatsu, who needs a pension deal to get bridge loans and bailout money from the state,  is asking for an average 40 percent cut [...]

Filed under: 75 by admin - 24. November 2009, No Comments