25th Aug 2006, 22:46
NWA Attendants Blocked From Striking
By LARRY NEUMEISTER , 08.25.2006, 03:24 PM
A federal judge blocked Northwest Airlines flight attendants from going on strike Friday, handing a victory to the cash-strapped airline.
U.S. District Judge Victor Marrero said he will issue an injunction that allow time for him to examine the case. He said Northwest made a "persuasive case" that a delay in any strike was necessary so that the legal issues could be resolved.
He said that while the injury to flight attendants would be to delay their ability to strike, "far greater injuries exist to Northwest and the public by permitting the strike to commence at this point."
Northwest, already operating under bankruptcy protection, has said a strike like that could kill it.
Is this a good thing ?
25th Aug 2006, 23:19
I wonder the public accountants in US that still let the customer believe that the airline is not making any profit.
According to an insider (US flight attendant) he told me with anger that he was not anymore able to make 30,000 USD per year and had to sell the house unable to pay its mortage.Other NWA personnel were doing their best to not transfer to passengers their frustrations.
When the employee is unhappy you can image the customers...
US companies are masters in Quality management but apparently Master in Business administration are steering a profit oriented venture instead.
NWA with her Airbus fleet can't be not profitable. They have discharged the old DC30 for new A330 in routes like Narita PDX.
I hope that some independent journalist will take the voice of who can't pay a mortgage against who apparently will go on retirement with multi million settlement.
25th Aug 2006, 23:28
The judge's decision is only a delay, so hopefully the FAs will institute their CHAOS campaign in a day or two. The court system in the U.S. is heavily slanted toward corporate management and the millions of dollars that they steal from their companies . . . . and the millions in political payoffs to make and uphold laws favorable to corporate management.
The CEO of NWA has made no bones about wanting to break his unions once and for all . . . . and that's exactly what he's trying to do.
26th Aug 2006, 03:51
1) NWA's previous CEO, Mr. Richard Andersen (now with United Health), in addition to his (previous) working salary and loads of free shares of stock, brings home about $60,000 per MONTH-for the rest of his life. This was reported not too long ago, whether based upon SEC or other regulations, I have no idea.
2) NWA's present CEO might do just as well.
As a group, NWA's upper mgmt team, despite the status of being in Chapter 11 bankruptcy and needing any revenue cash (winter is never far off in this business: even with lower fuel prices...fall is not much better), took in about $55,000,000 in bonus etc in the last 12 months or so from a cash-strapped operation, but a few details here might not be 100% accurate, so please correct me.
Thank goodness they will also receive a social security check when they turn age 65.
Many major airline pilots might not have any decent health insurance "copays" (the extra part that you pay for each time you see a quack or a dentist, when they get into retirement). Check on the situation for USAirways's pilots.:(
An article in either the "New York Times" or wherever described the gigantic cash drain to any corporation's operating cash when huge bonuses are being paid to multiple upper mgmt types every few years nowadays. The figures were staggering. Erstaunlich, here in the capitalist paradise. The extortionate prices charged by the bankruptcy law firms are also quite interesting. How many millions per month are paid out?
Imagine the example now portrayed in the context of corporate leadership when many major US airline pilot groups have already signed contracts which give up anywhere from 25 to 38 % of their pay, in addition to other contract areas, with only a small fraction paid back over the next 5-7 years! Did somebody say "inflation and its compounding effects"??:oh:
Do any 'experts' on Wall Street call that leadership at the top, by example?