US - Northwest Airlines (NWA) pilots will today announce the results of its strike authorisation results, as talks with the company management over the weekend failed to reach any conclusive result.
Today marks the end of the 15 day vote on whether or not to strike, with the company claiming any such action would force it into liquidation.
NWA pilots have seen their pay cut by 39%, while their pensions were frozen in early February.
The pilot’s negotiating committee met with NWA management throughout the weekend, and said while progress had been made, many important issues “largely economic in nature”, remained unresolved.
A Master Executive Council (MEC) meeting will be held today in New York, when members will receive a negotiations update, a strike preparedness update, and the strike authorisation results.
Chairman of the NWA chapter of the Air Line Pilots Association (ALPA) Mark McClain, had earlier accused NWA management of having “arrogant” and “excessive” demands that were putting Northwest's future “in serious jeopardy.
McClain said. “Northwest pilots understand the serious nature of a strike, but we will defend ourselves with all available ‘self-help’ options up to and including the complete withdrawal of pilot services from Northwest Airlines.
By Damian Clarkson
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.