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Jan 31, 1996

Workers' Champion

United Airlines' Esop, the biggest of its kind in America

Every airline employee understands the ups and downs of the business. They know service and customer relations are key. Without employee and union support America's highest flyers could have trouble getting off the ground. In the past, major airlines have felt the brunt of employee anger. That's one reason why United Airlines sold a 55 per cent controlling stake to 59,000 of its 79,000 employees for wage concessions worth nearly $5 bn. This created the largest Employee Stock Ownership Plan

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