NWA pilots OK 23.9% pay cut
11-04-2005 | 07:34 AM
#1
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From: 737 CFI
NWA pilots OK 23.9% pay cut
LATEST NEWS
The Minneapolis/St. Paul Business Journal - 9:09 AM CST Friday
NWA pilots agree to interim pay cut
Northwest Airlines Corp.'s pilots union leaders agreed to an interim contract Thursday night under which pilots' pay would drop 23.9 percent.
The rate reduction would come on top of a 15 percent pay cut that pilots accepted late last year.
The proposed cuts would save Eagan-based Northwest (Pink Sheets: NWACQ) roughly $215 million, and buy the pilots more time to negotiate a long-term contract with the airline. Northwest has said it will ask a bankruptcy judge on Nov. 16 to void labor deals with unions that do not agree to interim cuts.
Rank-and-file pilots will begin voting on the proposed pay reductions next week.
The airline's flight attendants' union has also proposed a temporary package of similar pay cuts.
The Minneapolis/St. Paul Business Journal - 9:09 AM CST Friday
NWA pilots agree to interim pay cut
Northwest Airlines Corp.'s pilots union leaders agreed to an interim contract Thursday night under which pilots' pay would drop 23.9 percent.
The rate reduction would come on top of a 15 percent pay cut that pilots accepted late last year.
The proposed cuts would save Eagan-based Northwest (Pink Sheets: NWACQ) roughly $215 million, and buy the pilots more time to negotiate a long-term contract with the airline. Northwest has said it will ask a bankruptcy judge on Nov. 16 to void labor deals with unions that do not agree to interim cuts.
Rank-and-file pilots will begin voting on the proposed pay reductions next week.
The airline's flight attendants' union has also proposed a temporary package of similar pay cuts.
11-04-2005 | 07:24 PM
#3
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Joined: Oct 2005
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From: B747FO
I didn't agree!
Originally Posted by Sir James
LATEST NEWS
The Minneapolis/St. Paul Business Journal - 9:09 AM CST Friday
NWA pilots agree to interim pay cut
Northwest Airlines Corp.'s pilots union leaders agreed to an interim contract Thursday night under which pilots' pay would drop 23.9 percent.
The rate reduction would come on top of a 15 percent pay cut that pilots accepted late last year.
The proposed cuts would save Eagan-based Northwest (Pink Sheets: NWACQ) roughly $215 million, and buy the pilots more time to negotiate a long-term contract with the airline. Northwest has said it will ask a bankruptcy judge on Nov. 16 to void labor deals with unions that do not agree to interim cuts.
Rank-and-file pilots will begin voting on the proposed pay reductions next week.
The airline's flight attendants' union has also proposed a temporary package of similar pay cuts.
The Minneapolis/St. Paul Business Journal - 9:09 AM CST Friday
NWA pilots agree to interim pay cut
Northwest Airlines Corp.'s pilots union leaders agreed to an interim contract Thursday night under which pilots' pay would drop 23.9 percent.
The rate reduction would come on top of a 15 percent pay cut that pilots accepted late last year.
The proposed cuts would save Eagan-based Northwest (Pink Sheets: NWACQ) roughly $215 million, and buy the pilots more time to negotiate a long-term contract with the airline. Northwest has said it will ask a bankruptcy judge on Nov. 16 to void labor deals with unions that do not agree to interim cuts.
Rank-and-file pilots will begin voting on the proposed pay reductions next week.
The airline's flight attendants' union has also proposed a temporary package of similar pay cuts.
11-05-2005 | 01:16 PM
#6
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From: 767ER capt
I don't think it will pass. An informal survey of my buds at NWA indicate that they are a pretty p-ssed off bunch, and rightly so. Bear in mind that the other shoe - the loss of pensions- has yet to fall.) If they vote the T/A down, the likely result will be more negotiations. If management does their job well, the next T/A will be approved by 51% of the pilots.
11-05-2005 | 01:54 PM
#7
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Joined: Aug 2005
Posts: 1,044
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From: Retired 121 pilot
Well, we'll see. I'm really just basing it on what occured at UAL. I would think that if it does fail, NWA mgmt might be more inclined to seek relief from the judge than go back to the table.
Whether being p-ssed off will actually translate into a negative vote is something to consider.
Whether being p-ssed off will actually translate into a negative vote is something to consider.
Originally Posted by CVG767A
I don't think it will pass. An informal survey of my buds at NWA indicate that they are a pretty p-ssed off bunch, and rightly so. Bear in mind that the other shoe - the loss of pensions- has yet to fall.) If they vote the T/A down, the likely result will be more negotiations. If management does their job well, the next T/A will be approved by 51% of the pilots.
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