Japan Air Proposes Cutting Retiree Pensions by 30%

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JAPAN - Japan Airlines Corp. President Haruka Nishimatsu proposed cutting retiree pensions by 30% to help return the carrier to profit, Bloomberg News reported.

Asia's largest airline by sales also suggested cutting employees' pensions by 50%, Nishimatsu told a group of former employees in Tokyo yesterday, spokesman Taro Namba said by phone today. The Nikk...

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