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IAM AND NWA REACH HISTORIC AGREEMENT

 EAGAN, Minn., May 3 /PRNewswire/ -- An historic agreement in principle was reached today between Northwest Airlines and the International Association of Machinists (IAM) and the International Brotherhood of Teamsters (IBT) on the economic issues of labor cost savings, job security, employee stock ownership, corporate governance, restructuring and other relevant matters. Precise language will be worked out over the next several days. Details will be released after the unions' ratification processes are completed.
 -0- 5/3/93
 /CONTACT: John Massetti, Air Transport District 143, International Association of Machinists, 612-688-2640, ext. 110/


CO: International Association of Machinists; Northwest Airlines;
 International Brotherhood of Teamsters ST: Minnesota IN: AIR SU:


DC-MH -- DC018 -- 3772 05/03/93 11:56 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:115
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