Labor & Economic News Blog

Monday, September 11, 2006

Delta retirees: Struggle to save benefits a huge task

Delta retirees: Struggle to save benefits a huge task
It wasn't long after Cathy Cone and Jim Gray retired from Delta Air Lines that they got what may be the toughest — and at times most frustrating — jobs of their lives. As the heads of organizations that represent Delta retirees in the airline's Chapter 11 case, Cone and Gray have labored untold and unpaid hours fighting uphill battles to save pensions and other benefits for thousands of their former colleagues. Both say Delta is now a tough, pragmatic adversary, unlike the paternalistic airline that hired them decades ago. Like most companies restructuring in Chapter 11, the airline wants to emerge with a lighter load of retiree liabilities.

 



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