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The corporate mind

Watching a news story last night: Northwest Airlines is asking the labor unions to authorize a pay cut for union workers. The catch: NWA paid $ 11 Million in bonuses to its upper-level management. NWA representatives feel that the bonuses are justified, as they need to reward those managers who met or exceeded their quotas.

Ding, ding, ding, hello?

Comments

( 3 comments — Leave a comment )
jmanna
Mar. 17th, 2003 04:26 pm (UTC)
Off topic, but there were lots of deals at Rainbow when I went in there today. Hot pockets for what amounts to a buck each with an easy save card. Lots of deals, particularlly on frozen foods.
lexinatrix
Mar. 18th, 2003 08:53 am (UTC)
I think I heard on the radio this morning that United [?] was going to have a bankruptcy judge nullify their labor contracts if they were unable to come to an agreement.

The nullification would allow the company to impose its own labor policies, supposedly letting them meeting the timelines and committments to their lenders.

Freakin' scary.
magicmarmot
Mar. 18th, 2003 09:38 am (UTC)
Wow.

On one hand, I can see it. If United goes under, it means the loss of a huge amount of jobs. At least if they keep operating, some folks will keep working.

On the other hand, nullifying contracts seems like an extreme measure, and I abhor the escalation of class warfare that this entails.

They're not even bothering to disguise it anymore.
( 3 comments — Leave a comment )

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