Plan to slash pilot benefits crashes

By Reuters
Published Updated 4 Min Read

IMGCAP(1)]

NEW YORK, Wed Aug 15, 2012 11:48 pm EDT (Reuters) — A U.S. judge has denied a request by American Airlines parent AMR Corp to abandon collective bargaining agreements with its pilots’ union. The unexpected decision was a setback for bankrupt AMR in its quest to save more than $1 billion a year in labor costs from redesigned retirement savings plans and retiree benefits.


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