A video that every employee (and many retirees) should see. Watch all the segments.
Here is a link to a PBS Frontline video on corporate Chapter 11 bankruptcy and it’s effects on pay, retirement, pensions and other benefits. It features United Airlines employees. It’s worth watching. It’s also a huge reminder of the signifcant losses carried by employees when their employer goes thru bankruptcy…as well as those who profit from it.
http://www.pbs.org/wgbh/pages/frontline/video/flv/generic.html?s=frol02s4b9q79&continuous=1