[phantomworker]

This might become a trend for big business. Declare bankruptcy, get your debt forgiven and shift pension responsibility. Who ends up paying for it? The debtors and the employees and then ultimately the taxpayer.

[patton]

"might become" a trend? "Has Become" is more accurate.

[ordinaryguy]

I'm pretty sure that has been the long term plan for several decades. The idea that the US has private pension plans while Europe has socialist government pensions is a fantasy.