Pay Cuts Sustained For Northwest Flight Attendants

Law360, New York (February 9, 2006, 12:00 AM EST) -- Despite heated opposition from its flight attendants union, an interim pay cut agreement between embattled Northwest Airlines Corp. and the union has been extended while longer-term concessionary contracts are negotiated.

Northwest argued that if the pay cut agreement was slashed, it would cost the company an additional $9 million a week to return workers to their previous pay levels. Doing so would also void interim agreements with the Air Line Pilots Association union and International Association of Machinists union, the airline said.

The pay cut agreement,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.