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United Airlines and Its Largest Union under Pressure on New Contract Agreement by a Judge's Deadline
The Washington Post; subscription may be required 
May 31, 2005
Excerpt: United, a unit of Elk Grove Village, Ill.-based UAL Corp., was seeking $175 million in annual concessions from the IAM to complete a companywide package of $700 million in yearly labor savings. The key remaining hurdle was a pension plan to replace the defined-benefits fund the company is terminating. The company wants the money put into an investment-based 401(k) savings plan, while the union says it should be placed in its own defined-benefits fund - the IAM's National Pension Plan.
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