Robert Roach, General Vice President of Transportation at the International Association of Machinists and Aerospace Workers (IAM), discusses his union’s public opposition to the Delta-Northwest merger. In two letters sent to shareholders, the IAM raised several concerns regarding the combination, citing the impact to consumers by higher fares and poor customer service, questionable cost synergies, termination of pension and health benefits for Northwest workers and management’s understatement of the significant challenges involved in integrating the two large carriers.
[podcast]http://globalinvestmentwatch.com/audio/IAMInterview9-18-08-1.mp3[/podcast]
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