NWA Makes Bold Promise To Stockholders | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Tue, Oct 04, 2005

NWA Makes Bold Promise To Stockholders

Pledge Foretells Big Cuts In Workforce

It was designed as a briefing for stockholders, but it's a chilling look into the future for Northwest Airlines workers. Now in bankruptcy, the airline Friday revealed its plans to restructure -- including 2,644 layoffs and the desire to obtain from labor another $195 million in pay and benefit concessions.

Northwest Airlines is making ready for what it sees as war -- a battle between low-cost carriers, not just for control of the commercial aviation market, but for survival.

If the plan presented in New York on Friday survives, Northwest will outsource much of its international traffic to foreign carriers. It may start a regional airline and plans to cut salaries even more than it has to this point. For instance, according to the Minneapolis Star-Tribune, the carrier would chop a flight attendant's salary 20-percent just to keep afloat.

Northwest flight crews, who've already taken a huge cut in pay, aren't willing to stand by idly and let this happen.

"We're not willing to let them outsource a bunch of jobs to regional carriers," union leader Mark McClain told the Star-Tribune last week. "That is flying Northwest pilots should do."

Still, there is talk that Northwest will ground many of the aircraft it leases to regional partners like Mesaba and Pinnacle, prompting a warning from union leaders: "An attempt by management to rush this complex issue to completion through the Chapter 11 process may lead to a major confrontation with this pilot group."

FMI: www.nwa.com

Advertisement

More News

ANN's Daily Aero-Linx (05.02.24)

Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]

ANN's Daily Aero-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

NTSB Final Report: Cirrus Design Corp SR20

Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC