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Strike Looms At Northwest Airlines |
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July 19, 2005
The company issued a statement saying it still hoped to sign a contract with its mechanics, but was making preparations to fly its full schedule, regardless of whether there is a strike. So far, Northwest has gained $300 million in concessions from pilots and managers, and is still seeking $148 million from its flight attendants. The airline asked mechanics to give up $176 million in pay. The union has offered about $143 million. Northwest is among the large carriers struggling for financial stability in the face of rising fuel costs and more aggressive competition. Complicating matters is its under-funded pension, which is now $3.8 billion in the red. The airline is currently lobbying members of Congress to allow it to spread out its pension payment Report Your Experience
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