US - Northwest Airlines (NWA) has injected US$3.3m into its defined contribution pension fund to fulfil its commitment to employees.
NWA has also joined the International Association of Machinists and Aerospace Workers (IAM) union’s National Pension Plan by making this payment.
Doug Steenland, president and NWA CEO, commented: “Today’s contribution underscores both the effectiveness of our restructuring efforts and our prospects for the future.”
The airline had pledged to invest money into its pension scheme once it had emerged from bankruptcy.
NWA emerged from bankruptcy in May 2007 and has claimed it has been working to preserve its pre-chapter 11 pension schemes.
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point