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Saturday, January 9, 2010

Rumor: 2/3 pension cut coming if JAL retirees don't agree on the proposed cut

Bloomberg reports (based on Yomiuri Newspaper's article) that Japan Airlines may delay the pension cut vote to January 22 2010 if JAL fails to obtain the required 2/3 votes to pass the proposed cut on January 12. Apparently if JAL eventually fails to obtain the required vote from the retirees, pension will be cut by 60%, doubling the proposed 30%. But Yomiuri newspaper does not cite its source...So is this the last effort to swing the undecided retirees to agree with the cut by "blackmailing"? LOL

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