United’s Pilots to Vote on Revised Contract
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The revised contract agreement between UAL Corp.’s United Airlines, which filed for bankruptcy protection 25 months ago, and its pilots calls for an 11.8% pay cut in 2005 and a guarantee that the labor group will not object to the elimination of its pension plan under certain conditions.
But the Air Line Pilots Assn. threw out the most contentious pension provisions that prompted a U.S. Bankruptcy Court judge in Chicago to reject the original agreement nearly two weeks ago, according to a copy of the deal provided by the union.
The airline’s 6,400 pilots will begin voting on the proposed concession package today.
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