3.07.12 – (LAA) – Company Announces Pension “Hard Freeze”
Bankruptcy Update
March 7, 2012
This morning the company notified the APFA of an update to their term sheet. The company changed their proposal from terminating the pensions to a “hard freeze” of the pensions. A follow up Hotline will be sent shortly defining what this will mean for the Flight Attendants.
APFA did not respond to their proposal but is meeting internally to evaluate the proposal.
We will update you via this Hotline as additional information becomes available.
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