Finally, before we shut it down for the night — employees at Northwest are not particularly happy either.
Employees at the airline will stage a protest tomorrow in Detroit.
“Our 40% pay cuts are being converted into increased compensation for NWA executives,” said Capt. Dave Stevens, chairman of the Northwest Airlines unit of the Air Line Pilots Association. “It is unconscionable to use employees’ pay cuts to provide huge bonuses to the same executive team that led our company into bankruptcy.”
“Northwest’s senior executives will not only recoup all the concessions they made since 2001, but will be provided far more in bonuses than any other employee group,” Capt. Stevens said.
Executives at the airline stand to make $400 million when the airline exits bankruptcy.
It’s unfortunate that we’ve gotten to the point where we already know how this script reads.