|
|
Article: Japan : Japan govt to force JAL pension cuts-media.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: datta03
Japan's government plans to introduce legislation early next year to forcibly cut pension payouts for Japan Airlines Corp (9205.T) retirees and make the cuts a condition for a state bailout of the troubled carrier, the Nikkei business daily said.
Ministers will negotiate details and announce plans to submit the legislation to the regular session of parliament as early as next week, the newspaper said. The next ordinary parliament session starts in January.
JAL said last week it would apply for aid from a state-backed turnaround fund, setting the stage for an injection of public funds into the airline, providing it can secure the ...