Company Watch - Northwest Airlines.
Approval of Northwest contract could help pension law. Legislation to help save airline pension plans has a better chance of passing now that Northwest Airlines pilots have ratified a new contract, one lawmaker said. Rep. John Kline, R-Minn., said the airline would need to terminate the plan unless lawmakers allow it to stretch payments out. May 5, 2006Northwest pilots ratify agreement. Pilots for Northwest Airlines ratified a new contract that includes a large pay cut. The agreement gives the pilots an unsecured claim in the company and will cut the carrier's costs by $358 million. May 4, 2006
Northwest Airlines pilots are set to finish voting at 10 a.m. today on the labor agreement reached in early March . Voting by Air Line Pilots Assn. members on the five-year deal began April 6. May 3, 2006
Northwest pilots will disclose vote result Wednesday. Northwest Airlines pilots have voted on a contract that would make permanent a temporary 24% pay cut. The union will release the results Wednesday. Flight attendants will begin voting on a concessionary contract Sunday. May 2, 2006
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| Publication: | Airguide Online |
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| Geographic Code: | 1USA |
| Date: | May 8, 2006 |
| Words: | 181 |
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