Northwest will "delay" voiding contracts in return for 60%
the "bankruptcy as business strategy" juggernaut keeps on rollin'...
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Northwest Airlines said on Wednesday that if it can get temporary savings worth 60 percent of its total USD$1.4 billion labor savings goal, the airline could delay a hearing on its request to void its contracts.
Northwest said it was in talks with unions representing its pilots, flight attendants and ground workers about possibly extending until mid-January the deadline for the request in a bankruptcy court hearing. The hearing on Northwest's motion is set for November 16.
Northwest has asked for court permission to void contracts of work groups that do not yield required savings.
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posted by profmarcus at
11/03/2005
