Northwest
ORG
Northwest
Contract talks held between one of the nation's biggest airlines and its pilots' union went into overtime as the company, Northwest, and its employees wrestled over how drastically the pilots' pay will be cut. Northwest was the first company to reach a deal with flight attendants, with an agreement pf $195 million in annual savings. Then in November, the company approved a temporary annual cut of $215 million. Contract talks between NorthWest and its pilots' union went into overtime as the company and its employees wrestled over how drastically the pilots' pay will be cut. The company is operating under bankruptcy court protection as it tries to reorganize its finances and reduce its costs so it can better compete with low-cost, low-fare rivals. It could use that protection to impose salary cuts, but the pilots have threatened to strike if that happens.