Northwest Airlines labor unions registered strong protest to the carrier's plan of reorganization after it was revealed that top executives will receive 5% of the carrier's new stock when it emerges from bankruptcy, including shares and options reportedly valued at $26.5 million earmarked for President and CEO Doug Steenland. Pilots, represented by the Air Line Pilots Assn., said in a US Bankruptcy Court filing that employees believe "the principle of shared sacrifice is dead and buried" and ...
Subscribe to Access this Entire Article
"NWA labor groups object to reorganization plan over executive bonuses" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
