Northwest Airlines yesterday asked the US Bankruptcy Court to reject its existing labor agreements if it is unsuccessful in negotiating new contracts with its unionized employees. The so-called Section 1113(c) motion starts a 51-day negotiating period unless both sides agree to an extension. NWA aims to achieve $2.5 billion through its restructuring, including $1.4 billion in labor cost reductions, a figure it identified prior to entering bankruptcy last month. "Our primary labor cost ...

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