JAL wins approval to cut pensions by 30 percent

Japan Airlines said that 67 per cent of its existing retirees had now agreed to the requested 30 per cent cut in pension pay-outs and cleared one of the roadblocks to its restructuring plan.Earlier this month, 91 per cent of the carrier's employees agreed to the cut.Prime minister Yukio Hatoyama told reporters earlier on Tuesday that "in general" shareholders did bear some responsibility.

In my opinion, the reason why Japan Airlines have to rebuild the company is that retirees, employees, and shareholders did not do anything although they knew about the financial deficit. Therefore, I accede to prime minister Yukio Hatoyama's statement, and all retirees and employees should agree with cutting their pension.

http://www.cnn.com/2010/BUSINESS/01/12/jal.ft/index.html