Northwest Airlines said it received and rejected a contract proposal from the Aircraft Mechanics Fraternal Assn. Wednesday evening. It said the offer "appears to fall short of the $176 million in annual cost savings that the company needs from its AMFA-represented employees." NWA valued the proposal at $100 million annually "and only for a two-year period." AMFA employees will be free to strike the airline upon expiration of a federally mandated 30-day cooling-off period at 12:01 a.m. ...

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