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Executives at Northwest Airlines Corp. turned up the pressure on the carrier's labor groups Tuesday, warning that the airline will be forced into bankruptcy if it does not lower costs in the months to come. Northwest aims to negotiate the replacement of its pension plans with cheaper defined-contribution plans. A bill pending in Congress would allow Northwest and other airlines to stretch pension payments out up to 25 years.
July 28, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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