Saturday, April 23, 2005

Bankrupt Airlines

Bankrupt United Airlines reached an agreement with U.S. pension insurers Friday to terminate four employee retirement plans which are underfunded by nearly $10 billion, the government said.

This being said, Those working on airlines, including pilots, flight attendants, mechanics and ground workers and other employees will be given a sort of pension pay for an airline that went bankrupt. I don't see this as a problem, unless these people don't go out and look for new jobs. Free riders makes me sick, and its one of my biggest pet peeves. If you were in this situation, what would you do?

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