Glenn F. Tilton states that without termination and replacement of pensions, United Airline’s future would disappear.
Tilton testifies that without terminating pensions, United Airlines would be forced to go into bankruptcy which would put 62,000 jobs at risk. He states that the employee pensions would still be terminated. (:21)
June 8, 2005
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- Mr. Glenn F Tilton, CEO of United Airlines, testifies to the Senate Committee on Finance about the decision to end employee pensions.
- Senator Charles E. Grassley (R-IA) states that United Airlines was wearing blinders
- Senator Charles E. Grassley (R-IA), Chairman of the Senate Committee on Finance, opens hearings on United Airlines. He compares United Airlines’ decision to end employee pensions to Enron’s accounting practices.
- Rep. Velazquez (D-N.Y.) preventing business roadblocks
- Ms. Patricia A. Friend, International President of the Association of Flight Attendants, testifies to the committee that this issue has an important human dimension.
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