Northwest Pilots Accept Pay Cuts
Posted on: Wednesday, 3 May 2006, 12:00 CDT
Pilots at Eagan, Minn.-based Northwest Airlines Wednesday voted to ratify a new 5 1/2 year salary-cutting contract.
The pact, approved by a 63 percent margin, preserves pilot jobs while cutting pilot costs by $358 million, the Air Line Pilots Association said.
The agreement retains the current 23.9 percent pay cut NWA pilots agreed to in November 2005 and provides pilots with significant protections against the outsourcing of mainline flying to small jets. NWA pilots successfully retained all flying of 77-seat and higher aircraft while limiting the number of small jets to 55 or 90, if placed at an affiliate.
In addition, NWA pilots receive an $888 million unsecured claim in NWA and participate in profit sharing once the company emerges from bankruptcy.
The agreement is a painful but necessary part of a successful restructuring of Northwest Airlines, NWA Master Executive Council Chairman Capt. Mark McClain said. Now is the time for Northwest pilots to unite and begin looking forward to our company's successful emergence from bankruptcy.
Source: United Press International
Related Articles
- Delta Pilots Reject Northwest Arbitration
- Northwest Cancels Flights, Blames Pilots
- Pilots of Northwest Airlines Picket to Demand a Share in NWA's Success
- Northwest Pilots Vote to Approve Contract Including Pay Slash
- Pilots at Northwest Airline Table Delay Union Vote
- Pilots Begin Concession Vote: Northwest Seeks Wage Cuts in New Pact
- Pilots Take 'Painful' Pay Cut -- Dreaded D-Day Brings Uneasy Peace to Northwest Talks
- Deadline is Looming for Pay Concessions By Northwest, Delta Pilots
- NWA, Delta Pilots Face Deadline on Deals
- Allied Pilots Association Expresses Support for the Pilots of Northwest Airlines and Delta Air Lines; 'Consensual Solution in the Best Interests of All Concerned'
 |
 |
User Comments (0)
RSS Feeds