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Published on 2/16/2006 in the Prospect News Distressed Debt Daily.

Northwest Airlines pilots to hold informational picket Monday; strike ballot results due Feb. 28

By Caroline Salls

Pittsburgh, Feb. 16 - Northwest Airlines Corp.'s pilots will conduct informational picketing in four cities to demonstrate their frustration with Northwest management's abuse of the bankruptcy process to demand excessive and unreasonable concessions, according to an Air Line Pilots Association, International, news release.

The pilots will picket and distribute leaflets on Friday and Monday at the Detroit, Minneapolis, Memphis and Anchorage airports.

Northwest pilots began voting on Feb. 13 to authorize a strike, and ballots will be counted on Feb. 28.

The union said that if the majority of Northwest's pilots authorize a strike, the union leadership will have the authority to call one if the company implements new terms and conditions for the pilot group.

"We do not want to strike. We want a fair contract. But we will be prepared to strike if management forces our hand," Northwest Air Line Pilots Association chairman Mark McClain said in the release.

"I am worried that management, as it did in 1998, is once again misjudging the will of our pilot group."

According to the release, Northwest pilots have made "historic sacrifices" over the past year in an attempt to help save the company, including agreeing to an annual concessionary package in December 2004 valued at $265 million a year that included a 15% pay cut.

In November, Northwest pilots agreed to another interim concessionary package valued at $215 million, which included an additional 23.9% pay cut.

Northwest, an Eagan, Minn.-based airline, filed for bankruptcy on Sept. 14 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-17930.


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