British Airways found some common ground with its unions, announcing an agreement on a reduction of its £3.7 billion ($5.58 billion) pension funding deficit that was a roadblock in its merger with Iberia. BA yesterday said it "has concluded consultations with its joint trade unions on the future benefits of its defined benefit pension schemes" and that the "proposals are intended to avoid the closure of the pension schemes and maintain British Airways' contributions at the current level of ...

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