Pilots, Delta To Arbitrate Over Pay Slashes

Law360, New York (March 1, 2006, 12:00 AM EST) -- A deadline for Delta Air Lines Inc. and its pilots’ union to reach an agreement on more than $300 million in annual concessions passed Wednesday with no deal in the works.

Because the two sides failed to negotiate a deal on pilot wage and benefit cuts, a three-person arbitration panel will now have to step in.

The embattled carrier and its pilots agreed last December that arbitration proceedings would begin in mid-March, with a decision due by mid-April, if no deal was made this week....
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.