Bankrupt Northwest Airlines reached a tentative agreement with its pilots union on Friday, avoiding a strike that could have permanently grounded the airline. Terms of the deal were not disclosed, but the airline said it includes $358 million in annual wage and benefits cost savings. The deal comes just days after Northwest secured nearly $200 million in annual savings from its flight attendants and follows the passing of a court-imposed deadline for the company and its unions to reach deals.
March 07, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Bankrupt Northwest Airlines Corp. reached a tentative agreement with its pilots union on Friday, avoiding a strike that could have permanently grounded the airline.
Exact terms of the deal were not disclosed, but the airline in a statement said it includes $358 million in annual wage and benefits cost savings. The deal still must be sent out for ratification by members of the Air Line Pilots Association.
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