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JAL chief seeks approval for pension cuts from retiree representatives

Friday 13th November, 05:14 AM JST

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4 Comments

  • Scrote at 10:22 AM JST - 13th November

    It should be made clear to the retirees that if they won't cooperate JAL will be liquidated and their pensions will fall to zero.

  • Yelnats at 01:58 PM JST - 13th November

    Govt. will back up the pensions, so they will continue to receive them if JAL goes belly up. Selling the whole fleet of planes will more than cover the pensions until everyone is dead.

  • Beelzebub at 03:32 PM JST - 13th November

    It should be made clear to the retirees that if they won't cooperate JAL will be liquidated and their pensions will fall to zero.

    The law in Japan treats the pension fund as apart from other company assets, so the recipients have first claim on whatever's left if the company goes under.

  • ikedunne at 10:32 PM JST - 13th November

    After losing my whole UA pension...I would opt for a smaller amount, if I were these retirees

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