PatM04 From United States of America, joined Mar 2002, 57 posts, RR: 0
Reply 1, posted (11 years 7 months 3 weeks 1 day 10 hours ago) and read 1043 times:
I read in a local newspaper that Retirement Systems of Alabama is most likely going to pull out of $200 million loan unless US reorganizes union deals. RSA has already given $3 million to US. Another reason they are probably going to pull out of it is that RSA lost around $500 million in the worldcom scandal. Although they only lost less the 1% of there portfolio in worldcom they still think right now it is to risky to go in with US airways unless things are reorganized.
Ouboy79 From United States of America, joined Nov 2001, 4567 posts, RR: 23
Reply 5, posted (11 years 7 months 3 weeks 1 day 7 hours ago) and read 957 times:
AFA and IAM deals are requring management to take further cuts before they will proceed. However, the Pilots did ratify $100 million in further cuts...of the $200 million needed total (of all unions). So half way there.